The sale of a partner's transferable interest in a business entitles the buyer to what rights?
A)Distributions,like profit,that the selling partner was entitled to.
B)The right to inspect the partnership's accounting books.
C)The right to manage the partnership.
D)The right to represent the partnership in a legal proceeding.

Question

Quizplus · Accepted Answer

The sale or transfer of a partner's transferable interest is a voluntary act of the partner.It entitles the buyer or transferee to receive the partner's distributions from the partnership,such as a share of profits.

The Sale of a Partner's Transferable Interest in a Business