Jackie is interested in the property of the Big Partnership,in which Jackie is a full partner.She wants to mortgage the property in order to collateralize loans for the organization.However,not all the partners agree with Jackie.What is Jackie's legal position with regard to the mortgage under UPA?
A)Her partners' non-agreement is legally irrelevant.
B)Jackie's interest in the partnership property cannot be assigned.
C)Jackie can mortgage her share of the organization's property.
D)UPA does not address this issue,and a court will decide on a case by case basis.

Question

Quizplus · Accepted Answer

Under the Uniform Partnership Act (UPA), a partner's interest in partnership property is not assignable, meaning Jackie cannot mortgage the partnership property without the consent of all partners.

Jackie Is Interested in the Property of the Big Partnership,in