Asked by Lungile Shange on Jul 04, 2024
Verified
Which of the following statements about a transfer of a partner's transferable interest is true?
A) The transfer entitles the transferee to become a partner of the partnership.
B) The transferee has become the creditor of the transferable interest.
C) The transferee can ask a court to dissolve and wind up the partnership,but only if the partnership is at will.
D) The transferee has the right to inspect the partnership's books and records.
Transferable Interest
is an interest in an entity, such as a partnership or limited liability company, that can be transferred or sold to another party.
Transferee
A person or entity that receives the transfer of property, rights, or privilege from another.
Court
A governmental institution with the authority to adjudicate legal disputes and administer justice in civil, criminal, and administrative matters.
- Comprehend the prerogatives and constraints linked to transferable interests in partnerships.
Verified Answer
Learning Objectives
- Comprehend the prerogatives and constraints linked to transferable interests in partnerships.
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