Jim and Tom are general partners in a real estate office. Jim dies, leaving all his prop- erty to his wife, Lois, who is also a real estate broker. What is the result?
A. Lois and Tom are general partners.
B. Lois has an interest in the partnership assets but not in the business.
C. Lois becomes a limited partner.
D. Lois has no interest in the business or the assets of the business.
Answer: B. Lois has an interest in the partnership assets but not in the business.
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All of the following would be considered a lien against real property except:
A: An assessment bond for sewers; B: Private restrictions which have been recorded; C: Unpaid property taxes first billed three years ago; D: A duly recorded but unpaid court judgment for money.
Which of these statements about disaster relief supply chains is BEST?
A) Critical supplies are usually deployed the instant they are available in the disaster zone. B) Employee turnover in disaster relief is low since these individuals are dedicated to the cause. C) Most disaster relief supply chains exist for only short times. D) Supplies follow a pull flow initially but change to a push flow once demand is more predictable.