Partners may agree at any time that the interest of one partner shall be purchased by the partnership or by one or more of the other partners.

Name: Partners may agree at any time that the interest of one partner shall be purchased by the partnership or by one or more of the other partners.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Partners can agree to buy out the interest of another partner in the partnership at any time. This is typically laid out in a partnership agreement.

Partners May Agree at Any Time That the Interest of One