Which of the Following Is True of Assignment of Partnership

question 23

Multiple Choice

Which of the following is true of assignment of partnership rights in a limited partnership?

• A)Limited partnerships interests cannot be assigned in whole.
• B)Assignment of limited partnership rights leads to dissolution.
• C)The assignee of a limited partnership becomes a new limited partner if atleast one partner agrees.
• D)All assignees of a limited partnership cease to be a partner of the firm.
• E)An assignee of a limited partnership becomes a partner if provided for in the certificate.

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Definitions:

Years

Units of time equal to 365 or 366 days, used in the Gregorian calendar to measure the duration of a long period.

Mammography

An X-ray examination of the breast, used to detect and diagnose breast diseases like cancer.

Compressed

The state of being pressed into less space or condensed, often used in the context of data or materials.

Radiation

The emission and diffusion of rays; a product of X-ray and radium.