Question
ABC partnership owns and operates a corn farm in Nebraska. A, B, and C are the partners/owners. C is having significant personal financial problems. Savvy
ABC partnership owns and operates a corn farm in Nebraska. A, B, and C are the partners/owners. C is having significant personal financial problems. Savvy Stores has obtained a judgment against C in the amount of $75,075. Savvy Stores knows (because C told it) that ABC is about to harvest its corn. When the ABC corn is being transported for processing, Savvy Stores seizes (with Cs cooperation) one-third of the truckload of corn to satisfy the debt. A and B object. C claims that he is entitled to use the partnership property to satisfy a debt. Can C do this? Why or why not?
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