Fact Pattern 37-1B (Questions B10-B13 apply)
Bryn, Cornell, and Duke are general 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 37-1B. Bryn's dissociation from the firm results in

Question

Quizplus · Accepted Answer

When a partner dissociates from a partnership, the partnership can either dissolve or continue to exist with the remaining partners. In this case, Bryn's dissociation from the firm does not automatically terminate the firm's legal existence. The partnership agreement requires the consent of the other partners for an assignment of interest to a creditor, so Bryn cannot transfer her interest to a creditor without their approval. Rather, the partnership may choose to buy out Bryn's interest in the firm, as provided for in the partnership agreement.

Fact Pattern 37-1B (Questions B10-B13 Apply)