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Bobby and Adam each own 35% of the partnership BAB. On October 15, 2017, Bobby sells her interest to Bob, who is a 30% partner.

Bobby and Adam each own 35% of the partnership BAB. On October 15, 2017, Bobby sells her interest to Bob, who is a 30% partner. On October 16, 2018, Adam sells his interest to Bob. When does the partnership terminate?
October 15, 2017.

October 16, 2018.

January 31, 2018.

The partnership does not terminate.

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