Lou,Pete,and Carl are all partners in a feed store business.Carl would like to retire but wants his son,Carl Jr.,to take his place as partner.Is there any way Carl can have his son become a partner?
A) Yes,he can,but only by getting agreement from any two existing partners.
B) Yes,he can,since partnership positions can be transferred through assignment.
C) Yes,he can,with the consent of all existing partners.
D) Yes,he can,by bringing Carl Jr.in as manager and then working him into a partner position.
E) No,he can't,because it's only Carl's profits that can be assigned.
Correct Answer:
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