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NEW QUESTION: 1
White, Grey, and Fox formed a limited partnership. White is the general partner and Grey and Fox are the
limited partners. Each agreed to contribute $200,000. Grey and Fox each contributed $200,000 in cash
while White contributed $150,000 in cash and $50,000 worth of services already rendered. After two
years, the partnership is insolvent. The fair market value of the assets of the partnership is $150,000 and
the liabilities total $275,000. The partners have made no withdrawals.
Unless otherwise provided in the certificate of limited partnership, which of the following is correct if Fox
assigns her interest in the partnership to Barr and only White consents to Barr's admission as a limited
partner?
A. Barr will have the right to inspect the partnership's books.
B. The partnership will be dissolved.
C. Barr will not become a substituted limited partner unless Grey also consents.
D. Barr will become a substituted limited partner because White, as general partner, consented.
Answer: C
Explanation:
Choice "a" is correct. In the absence of an agreement between all partners, the assignment of a partner's
interest does not make the assignee a substitute partner; it merely transfers the assignor's rights to
distributions to the assignee. Choice "b" is incorrect. Absent an agreement among the partners otherwise,
an assignment of an interest in a partnership is merely an assignment of the assignor's rights to receive
distributions from the partnership and does not give the assignee any right to inspect the partnership's
books. Choice "c" is incorrect. Absent an agreement among the partners otherwise, an assignment of an
interest in a partnership is merely an assignment of the assignor's rights to receive distributions from the
partnership; it does not make the assignee a new partner. Since there is no change in who is a partner,
there is no dissolution. Choice "d" is incorrect. All partners must agree to make someone a partner, not
just the general partner.

NEW QUESTION: 2
Which statement about NTP authentication in true?
A. The ntp trusted-key command authenticates the identity of a system.
B. It supports DES, 3DES, and MD5 authentication.
C. The ntp authentication-key command enables NTP authentication.
D. Only one authentication key can be defined at a time.
Answer: A

NEW QUESTION: 3





Answer:
Explanation:

NEW QUESTION: 4
A case is created from a web form.
If no active assignment rules exist, who will be assigned ownership?
A. System Administrator
B. Automated Case User
C. Default Case Owner
D. Default Workflow User
Answer: C

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