Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Bryn's dissociation from the firm results in
a. the automatic termination of the firm's legal existence.
b. the partnership's buyout of Bryn's interest in the firm.
c. the immediate maturity of all partnership debts.
d. Bryn's purchase of her interest in the partnership from the firm.
b
You might also like to view...
Which of the following statements is CORRECT?
A. Two firms with the same expected free cash flows and growth rates must also have the same value of operations. B. It is appropriate to use the constant growth model to estimate a stock's value even if its growth rate is never expected to become constant. C. If a company has a weighted average cost of capital WACC = 12%, and if its free cash flows are expected to grow at a constant rate of 5%, this implies that the stock's dividend yield is also 5%. D. The value of operations is the present value of all expected future free cash flows, discounted at the free cash flow growth rate. E. The constant growth model takes into consideration the capital gains investors expect to earn on a stock.
The Constitution requires that no one be deprived of life, liberty, or property without:
A) equal protection. B) commerce protection. C) stare decisis. D) due process.
Patents on prescription medications give pharmaceutical companies that own the patents a(n) _____ for 17 years until the patent expires.
A. targeted market position B. sustainable competitive advantage C. strategic focus D. situational strength E. opportunistic privilege
Which of the following best describes a preemptive right?
A) ?It is the right to purchase additional stock on the stock exchange B) ?It is the right to sell existing shares back to the corporation. C) It is the right to purchase shares before the incorporation of a company. D) It is the right to purchase new capital stock in proportion to shares owned.