Francis, Ricky, and Andrew Had Opened a Bakery in Partnership

question 15

Multiple Choice

Francis, Ricky, and Andrew had opened a bakery in partnership. During the course of their partnership, Ricky had taken a loan of $25,000 from Ryan for personal purposes which he defaulted. Ryan could obtain a(n) _____ from the court to secure his loan, directing the partnership to pay Ryan the distribution that Ricky would normally receive.

• A) doctrine of estoppel
• B) charging order
• C) order of relief
• D) proof of claim
• E) performance bond

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Definitions:

Susceptible

The condition of being susceptible to damage or impact from a specific thing or situation.

Selection

Selection refers to the process of choosing from various options or alternatives based on certain criteria.

Personality Traits

Enduring characteristics or patterns of thought, emotion, and behavior that distinguish individuals from one another.

Adolescence

The transitional stage of growth and development between childhood and adulthood, marked by physical, psychological, and social changes.