Practice question
A partner assigns the whole economic interest to an outsider. No agreement grants management rights, and the firm continues. Does the assignment alone entitle the outsider to manage?
- No, it ordinarily gives the assigned profits, not automatic management or inspection rights during continuation
- Yes, every assignment makes the assignee managing partner
- Yes, it automatically dissolves the firm
- Yes, it transfers every specific asset individually
- Yes, the outsider may expel all partners
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Articles 1810–1814
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