Question: Fact Pattern 37-1B Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreement states that it
Fact Pattern 37-1B 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.
Refer to Fact Pattern 37-1B. Bryns dissociation from the firm results in
a- the automatic termination of the firms legal existence.
b- the partnerships buyout of Bryns interest in the firm.
c- the immediate maturity of all partnership debts.
d- Bryns purchase of her interest in the partnership from the firm.
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