Question

Landrum voluntarily assigns his transferable interest in a partnership to McClendon. This act does not by itself result in the dissolution of the partnership, nor does it result in McClendon’s being entitled to participate in the management of the partnership business.A. TrueB. False

Answer 1

Answer:

B) False

Explanation:

If a partner transfers his partnership stake to a third party, that act by itself does not result in the dissolution of the partnership. If the other partners agree, McClendon will become a new partner and is entitled to participate in the management of the business, as all other partners are.