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Need some help with the question below regarding limited partnerships: Jed is a limited partner in Wood Efforts, a limited partnership. Jed wants to assign
Need some help with the question below regarding limited partnerships:
Jed is a limited partner in Wood Efforts, a limited partnership. Jed wants to assign his interest in the firm to Milly. The assignment would result in
a. Dissolution of the firm, imposing liability on Jed to the firm's creditors
b. Dissolution of the firm, requiring a distribution of the assets
c. Dissolution of the firm, with the automatic formation of a new limited partnership
d. None of these options are correct
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