An assignee of a partner's interest does not become a partner without the consent of the other partners and is only entitled to: _______.
A) participate in the management of the partnership.
B) receive the assignor's share of the profits during the term of the partnership and the assignor's share of capital on dissolution.
C) inspect the books of the partnership.
D) vote on matters concerning the business of the partnership.

Question

Quizplus · Accepted Answer

An assignee of a partner's interest is not entitled to participate in the management of the partnership or vote on matters concerning the business of the partnership without the consent of the other partners. However, the assignee is entitled to the assignor's share of the profits during the term of the partnership and the assignor's share of capital on dissolution. The assignee may also inspect the books of the partnership.

An Assignee of a Partner's Interest Does Not Become a Partner