Your partner unexpectedly dies. Your partnership agreement has a buy-sell clause with a "shotgun" provision. Which of the following is TRUE?
A) The value of your partner's shares will be appraised by an expert.
B) The value of your partner's shares will be determined by arbitration.
C) The value of your partner's shares will be determined by the average earnings of the company over a recent period.
D) The shotgun clause is ineffective because of the death of your partner.
E) The person who now owns your partner's shares must make you an offer for your shares. If you choose, you can instead buy his shares at that price.
E
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