Alvin, Simon and Theodore formed a partnership in 2005.They put up a pet shop called the Metro Pet Society.The partnership was to exist for ten (10) years.Unknown to the other partners, Theodore incurred a P1,000,000.00 personal loan from Dave, a businessman, in 2007.When Theodore defaulted, Dave sued him.Pursuant to a court order in 2010, Theodore assigned to Dave his interest in the partnership.

a)Does Theodore cease to be a partner when he assigned his interest in the partnership to Dave?(10pts)

b)What are the rights of Dave as the assignee of Theodore's interest in the partnership?(10pts)