If the articles of partnership do not address the matter, which of the following is a true statement regarding the right of a partner to sell their interest in the partnership to a creditor?
A) Partners can sell his or her interest in a partnership to a creditor.
B) Partners cannot sell any of his or her interest in a partnership to a creditor.
C) Partners can sell 50% of his or her interest in a partnership to a creditor.
D) Partners can sell up to 49% of his or her interest in a partnership to a creditor.
E) If a partner wants to sell their interest to a creditor it can only be if the partner is about to claim bankruptcy.

Question

Quizplus · Accepted Answer

In the absence of specific provisions in the partnership agreement, a partner has the right to sell their interest in the partnership. This includes selling to a creditor, as the interest in the partnership is considered personal property of the partner.

If the Articles of Partnership Do Not Address the Matter