Solved

[Mortuary Blues] Jack and Bianca Had a Partnership Running a Mortuary

Question 31

Multiple Choice

[Mortuary Blues] Jack and Bianca had a partnership running a mortuary. Bianca died, and after her death, Jack decided to shut down the mortuary. Jack incurred some expenses in closing the business affairs of the mortuary. He sought compensation for those expenses but Gus, the executor of Bianca's estate, objected. Gus also claimed that Jack had no rights in Bianca's share of the partnership property and that Gus, the executor, had the right to confiscate her share of the property and sell it at auction. Jack, however, took the position that all interests of Bianca passed to Jack and that Jack owed her estate nothing. The articles of partnership did not address death.
-Did the executor have any rights in Bianca's share of the property to sell at auction?


A) Yes, the executor was entitled to one-half of the partnership assets including half the partnership property.
B) No, the executor was not entitled to partnership property because rights in specific partnership property passed to Jack according to the right of survivorship.
C) Yes, the executor was entitled to one-half the partnership property, but only if Bianca was the managing partner pursuant to the articles of partnership.
D) Yes, the executor was only entitled to half of the partnership property not in use at the mortuary at the time of her death.
E) Yes, the executor was entitled to partnership property, but only if Bianca's will stated that the executor was so entitled.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions