A Partner Assigned His Partnership Interest to a Third Party

question 36

Multiple Choice

A partner assigned his partnership interest to a third party.Which statement best describes the legal ramifications to the assignee?

• A)The assignment of the partnership interest does not entitle the assignee to partnership assets upon a liquidation.
• B)The assignment dissolves the partnership.
• C)The assignee has the right to share in the management of the partnership.
• D)The assignee does not become a partner but has the right to share in future partnership profits and to receive the proper share of partnership assets upon liquidation.

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Definitions:

Heterosexual Couples

Partnerships wherein individuals are attracted to members of the opposite sex, typically within the context of romantic or marital relationships.

Violent Acts

Behaviors that involve physical force intended to hurt, damage, or kill someone or something.

Childhood Maltreatment

Adverse experiences during childhood, including abuse and neglect, impacting an individual's development and wellbeing.

MAO

Monoamine oxidase, an enzyme that breaks down neurotransmitters such as serotonin and dopamine, playing a role in mood regulation.