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When a General Partner Sells His/her Partnership Interests,the Purchaser

Question 39

Multiple Choice

When a general partner sells his/her partnership interests,the purchaser:


A) is granted automatic partnership by operation of law.
B) does not become a partner until he/she is unanimously accepted by the other partners.
C) is granted partnership only after he divests all interests in other general partnerships.
D) does not become a partner until he is nominated by the director and unanimously accepted by other members.

Correct Answer:

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