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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