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Sandra, Allison, and Colette Joined in Partnership to Provide Commercial

Question 13

Multiple Choice

Sandra, Allison, and Colette joined in partnership to provide commercial marketing research services. Allison became dissatisfied with the relationship and unilaterally assigned her interest to Katrina. Which of the following are true?


A) Katrina has received nothing in return for what she might have paid Allison.
B) The partnership is terminated.
C) Katrina has acquired a right to a share of the assets, but not to participate.
D) Katrina has acquired the right to participate but not a share of the assets.
E) Katrina is a full partner with Sandra and Colette, without limitation.

Correct Answer:

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