What are the property rights of a partner in a

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Accounting Using Excel for Success
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Chapter 12 / Exercise 8
Accounting Using Excel for Success
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11.What are the property rights of a partner in a partnership? (ME)
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Accounting Using Excel for Success
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Chapter 12 / Exercise 8
Accounting Using Excel for Success
Reeve/Warren
Expert Verified
12.What rights are not acquired by an assignee or transferee of a partner who conveys all his interest in a partnership? 1. To interfere in the management 2. To require any information or account 3. To inspect any partnership books 13.What are the only rights acquired by said assignee or transferee? 1. To receive in accordance with his contract the profits accruing to the assigning partner 2. To avail himself of the usual remedies provided by law in the event of fraud in the management 3. To receive the assignor’s interest in case of dissolution 4. To require an account of partnership affairs, but only in case the partnership is dissolved, and such account shall cover the period from the date only of the last account agreed to all by the partners 14. What is considered as the extent of a partner’s interest in a partnership? 15. May a partnership continue to use in its firms name the name of a partner who has died?

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