Fact Pattern 37-1B (Questions B10-B13 Apply)

question 3

Multiple Choice

Fact Pattern 37-1B (Questions B10-B13 apply)
Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreement states that it is a breach of the agreement for any partner to assign his or her interest to a creditor without the consent of the other partners.
-Refer to Fact Pattern 37-1B. Cornell's assignment of his interest in Equity Lending to Financial Consultants Corporation results in

• A) nothing with respect to Cornell or Equity Lending.
• B) the automatic termination of Equity Lending's legal existence.
• C) Cornell's liability for all of Equity Lending's debts.
• D) Cornell's wrongful dissociation and liability for any damages.

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Definitions:

Standard Deviations

A measure of the dispersion or variability within a set of numerical data, indicating how much each value differs from the mean of the dataset.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data; most scores fall near the mean, or average, with fewer scores at the extremes.

Standard Deviations

A numerical metric that calculates the degree of spread or distribution of a data set values around the average.

IQ Scores

Numerical measurements typically used to assess human intelligence, derived from standardized tests.