Question: 5 When a partnership interest is assigned to a third party, which of the following is correct? A The assignee has the status of a
When a partnership interest is assigned to a third party, which of the following is correct?
A The assignee has the status of a partner.
B The assignee is entitled to only the distribution rights of the assignor.
C The assignee is entitled to participate in control of the partnership.
The partnership interest if forfeited to the partnership.
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