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ABC Partnership Owns and Operates a Potato Farm in Idaho

Question 143

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ABC partnership owns and operates a potato farm in Idaho.A,B,and C are the partners/owners.C is having significant personal financial problems.Savoy Stores has obtained a judgment against C in the amount of $l2,341.Savoy knows that ABC is about to harvest its potatoes.When the ABC potatoes are being transported for processing,Savoy takes one-third of the potatoes to satisfy the debt.A and B object.C claims he is using the partnership property to satisfy a debt.Can C do this?

ABC partnership owns and operates a potato farm in Idaho.A,B,and C are the partners/owners.C is having significant personal financial problems.Savoy Stores has obtained a judgment against C in the amount of $l2,341.Savoy knows that ABC is about to harvest its potatoes.When the ABC potatoes are being transported for processing,Savoy takes one-third of the potatoes to satisfy the debt.A and B object.C claims he is using the partnership property to satisfy a debt.Can C do this?

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