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If the Articles of Partnership Do Not Address the Matter

Question 1

Multiple Choice

If the articles of partnership do not address the matter, which of the following is a true statement regarding the right of a partner to sell their interest in the partnership to a creditor?


A) Partners can sell his or her interest in a partnership to a creditor.
B) Partners cannot sell any of his or her interest in a partnership to a creditor.
C) Partners can sell 50% of his or her interest in a partnership to a creditor.
D) Partners can sell up to 49% of his or her interest in a partnership to a creditor.
E) If a partner wants to sell their interest to a creditor it can only be if the partner is about to claim bankruptcy.

Correct Answer:

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