Admitting a Partner into a Partnership by Accepting Assets Is

question 65

True/False

Admitting a partner into a partnership by accepting assets is a personal transaction between one or more current partners and the new partner.

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Definitions:

Emancipation Proclamation

Declaration issued by President Abraham Lincoln; the preliminary proclamation on September 22, 1862, freed the slaves in areas under Confederate control as of January 1, 1863, the date of the final proclamation, which also authorized the enrollment of black soldiers into the Union army.

Delayed

Postponed or made later than originally planned or expected.

Battle of Antietam

A pivotal Civil War battle fought on September 17, 1862, known for being the bloodiest single-day conflict in American history.

Enslaved People

Individuals who are forcibly taken into slavery and owned or controlled entirely by another person or group.