Fact Pattern 18-1
Bryn, Cornell, and Duke are 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 18-1. Cornell's assignment of his interest in Equity Lending to Financial Consultants Corporation results in

Question

Fact Pattern 18-1
Bryn, Cornell, and Duke are 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 18-1. Cornell's assignment of his interest in Equity Lending to Financial Consultants Corporation results in​

Quizplus · Accepted Answer

Cornell's assignment of his interest in Equity Lending without the consent of the other partners is a breach of their partnership agreement. As a result, Cornell is wrongfully dissociating from the partnership and may be held liable for any damages that result. However, this does not mean that Equity Lending's legal existence is automatically terminated, nor does it automatically make Cornell liable for all of Equity Lending's debts.

Fact Pattern 18-1 Bryn, Cornell, and Duke Are Partners in Equity Lending, a Equity