Question

Fact Pattern 16-2 Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreement states that it is a breach of the agreement for any partner to assign his or her interest to a creditor without the consent of the other partners. The partners decide to dissolve Equity Lending. Duke collects and distributes the firm's assets. This results in​ Select one: a. ​the temporary suspension of the firm's business. b. ​the termination of the firm's legal existence. c. ​nothing with respect to the firm's existence. d. ​the continuation of the firm's business.

Answer 1

Answer:

Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, andinvestment firm. Their agreement states that it is a breach of the agreement for any partner toassign his or her interest to a creditor without the consent of the other partners.Refer to Fact Pattern 27-3. The partners decide to dissolve Equity Lending. Duke collects anddistributes the firm's assets. This results in(A) nothing with respect to the firm's existence.(B) the continuation of the firm's business.(C) the termination of the firm's legal existence.(D) the temporary suspension of the firm's business.Answer : (C)57.Oliana is a partner in Pacific Traders. In the majority of states, with respect to any partnershipobligations that Oliana does not participate in, know about, or ratify, Oliana would be liable for58.Craig, Donna, and Eve do business as FastTrak Career Consultants. Eve's relationship toFasTrak ends, but the firm continues to do business. This is59.Brad and Carolyn are partners in Doctors for Children, a medical clinic. Brad's dissociation fromthe firm results i

Explanation:

yes sir