Ricardo
and Robert operate a hardware store as general partners. Robert is
unmarried, while Ricardo is married to Jenna. Ricardo is killed in an
accident and his will leaves all his property to Jenna. What happens to
Ricardo’s interest in the partnership?
A. Jenna inherits Ricardo’s partnership interest and becomes Robert’s partner in running the business.
B. Ricardo’s interest is divided equally between Robert and Jenna.
C. Robert becomes sole owner of the hardware store, but owes Jenna the value of Ricardo’s interest in the business.
D. Robert becomes sole owner of the hardware store and owes Jenna nothing
A. Jenna inherits Ricardo’s partnership interest and becomes Robert’s partner in running the business.
B. Ricardo’s interest is divided equally between Robert and Jenna.
C. Robert becomes sole owner of the hardware store, but owes Jenna the value of Ricardo’s interest in the business.
D. Robert becomes sole owner of the hardware store and owes Jenna nothing
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