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A partner can withdraw from a partnership by any of the following means except:

ID: 2446815 • Letter: A

Question

A partner can withdraw from a partnership by any of the following means except:

Selling his/her interest to another person for cash.

Selling his/her interest to another person in exchange for assets.

Receiving cash from the partnership in the amount of his/her interest.

Receiving assets from the partnership in the amount of his/her interest.

Close the business and liquidate the assets under the mutual agency principle.

Selling his/her interest to another person for cash.

Selling his/her interest to another person in exchange for assets.

Receiving cash from the partnership in the amount of his/her interest.

Receiving assets from the partnership in the amount of his/her interest.

Close the business and liquidate the assets under the mutual agency principle.

Explanation / Answer

Close the business and liquadate the assets under the mutual agency principle.

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