Partnership Recitation
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1. What are the property rights of a partner? 2. How about incidental rights? 3. Distinguish partnership property from partnership capital (see reviewer table) 4. Who owns the property when partner purchases property after dissolution but before winding up? 5. What is a charging order? 6. Can a partner’s interest be assigned? Why? 7. Rights of assignee of partner’s interest 8. When is the partnership liable for the acts of a partner? 9. Liability v loss 10. What is the rule on profit-sharing? Distribution of losses? 11. What is the liability arising from partner’s tort or breach of trust? 12. What is partner by estoppel? Partnership by estoppel? 13. Can a person be admitted as a partner? 14. What is the liability of an incoming partner for partnership obligations 15. Instances when partnership is solidarily liable with partner?
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Recitation questions
Transcript of Partnership Recitation
1. What are the property rights of a partner?2. How about incidental rights?3. Distinguish partnership property from partnership capital (see reviewer table)4. Who owns the property when partner purchases property after dissolution but before winding up?5. What is a charging order?6. Can a partners interest be assigned? Why?7. Rights of assignee of partners interest8. When is the partnership liable for the acts of a partner? 9. Liability v loss10. What is the rule on profit-sharing? Distribution of losses?11. What is the liability arising from partners tort or breach of trust?12. What is partner by estoppel? Partnership by estoppel? 13. Can a person be admitted as a partner? 14. What is the liability of an incoming partner for partnership obligations15. Instances when partnership is solidarily liable with partner?
