LAWS2310: Principles of Equity - Nature of Partner's Interest - Law and Equity Based Assignment Answer

Subject Code: LAWS2310 

Law and Equity-Based Assignment Answer

Using your knowledge of the principles of Equity, provide your answers to the following questions:

1. What is the nature of a partner’s interest in a partnership and why is such an interest considered to be an equitable interest?

2. Is a partner’s interest in a partnership an assignable interest? If so, how would one assign such an interest?

3. Assume that a partner wishes to assign to his/her spouse a proportion of his/her partnership interest (including a corresponding proportion of the right to receive a share of the partnership profits). Why, historically, would partners attempt to make such assignments and how would such assignments take effect in Equity?

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