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.

---

Definitions:

Adaptability

The ability to adjust oneself readily to different conditions, environments, or scenarios, crucial for both personal development and organizational agility.

Managing Resistance

The process of recognizing, understanding, and addressing opposition or reluctance among individuals or groups when changes are implemented.

Communication

The act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

Unfounded Fears

Fears that lack a basis in reality or evidence.