Multiple Choice
A partner assigned his partnership interest to a third party.Which statement best describes the legal ramifications to the assignee?
A) The assignment of the partnership interest does not entitle the assignee to partnership assets upon a liquidation.
B) The assignment dissolves the partnership.
C) The assignee has the right to share in the management of the partnership.
D) The assignee does not become a partner but has the right to share in future partnership profits and to receive the proper share of partnership assets upon liquidation.
Correct Answer:
Verified
Correct Answer:
Verified
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