Sandra,Allison,and Colette Joined in Partnership to Provide Commercial Marketing Research

question 10

Multiple Choice

Sandra,Allison,and Colette joined in partnership to provide commercial marketing research services.Allison became unsatisfied with the relationship and unilaterally assigned her interest to Katrina.Which of the following are true?

• A)Katrina has received nothing in return for what she might have paid Allison.
• B)The partnership is terminated.
• C)Katrina has acquired a right to a share of the assets,but not to participate.
• D)Katrina has acquired the right to participate but not a share of the assets.
• E)Katrina is a full partner with Sandra and Colette,without limitation.

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Definitions:

Building Contract

A legal agreement between a property owner and a contractor for the construction of a building, specifying terms, conditions, and scope of work.

Ontario

A province in Canada known for its natural beauty, including lakes and forests, and as the home of Canada's largest city, Toronto.

Innocent

Free from guilt, wrongdoing, or blame in a specific situation or context.

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A sleep disorder that causes people to get up and walk around or perform other complex behaviors while still mostly asleep.