SECTION 2: PROPERTY RIGHTS OF A PARTNER

Question 1

The property rights of a partner are:

1. His rights in specific partnership property
2. His interest in the partnership
3. His right to participate in the management

Answer 1

TRUE

Question 2

A partner, subject to the provisions of this Title and to any agreement between the partners, has an equal right with his partners to posses specific partnership property for partnership purposes

Answer 2

TRUE

Question 3

A partner’s right in specific partnership property is assignable except in connection with the assignment of rights of all the partners in the same property

Answer 3

FALSE; A partner’s right in specific partnership property is NOT assignable except in connection with the assignment of rights of all the partners in the same property

Question 4

A partner’s right in specific partnership property is subject to attachment or execution, except on a claim against the partnership.

Answer 4

FALSE; A partner’s right specific partnership IS NOT subject to attachment or execution, except on a claim against the partnership

Question 5

A partner’s interest in the partnership is his share of the profits and surplus

Answer 5

TRUE

Question 6

A conveyance by a partner of his whole interest in the partnership does not of itself dissolve the partnership, or, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs, or to require any information or account of partnership transactions, or to inspect the partnership books

Answer 6

TRUE

Question 7

In case of dissolution of the partnership, the assignee is not entitled to receive his assignor’s interest an may require an account from the date only pf the last account agreed to by all the partners

Answer 7

FALSE; Article 1813: In case of dissolution of the partnership, the assignee IS ENTITLED to receive his assignor’s interest an may require an account from the date only pf the last account agreed to by all the partners

Question 8

Without prejudice to the preferred rights pf partnership creditors under article 1827, on due application to a competent court by any judgment creditor of a partner, the court which entered the judgment, or any other court, may charge the interest of the debtor partner with payment of the unsatisfied amount of such judgment debt with interest theron

Answer 8

TRUE