Fact Pattern 37-1B

question 21

Multiple Choice

Fact Pattern 37-1B
Brad,Carlos,and Dora are general partners in Eastside Physicians,a medical clinic.Their agreement states 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.Carlos's assignment of his interest in Eastside to General Credit Corporation results in

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

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Definitions:

Home Landscaping

The practice of altering the visible features of an area of land surrounding a home to enhance its appearance or functionality.

Price

The amount of money required to purchase a good or service.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction, without them necessarily being involved in the transaction.

Marginal Social Benefit

Sum of the marginal private benefit plus the marginal external benefit.