Multiple Choice
Peter,Kathy,and Soren are partners in a hardware store business.Peter wants to retire and have his son,Mac,assume his place in the partnership.Which of the following is TRUE?
A) Peter cannot make Mac a partner because unanimous consent is required to admit a new partner.
B) Peter can make Mac a partner by obtaining the consent of one of the other partners.
C) Peter can make Mac a partner because every partner is entitled to choose their successor.
D) Peter cannot make Mac a partner unless he has first worked in the partnership business.
E) Peter can make Mac a partner because partnership interests can be assigned.
Correct Answer:
Verified
Correct Answer:
Verified
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