Fil and Breed are 50% partners in F&B Cars, a used-car dealership. F&B maintains an average used-car inventory worth $150,000. On January 5, National Bank obtained a $30,000 judgment against Fil and Fil’s child on a loan that Fil had cosigned and on which Fil’s child had defaulted. National sued F&B to be allowed to attach $30,000 worth of cars as part of Fil’s interest in F&B’s inventory. Will National prevail in it suit?
- No, because the judgment was not against the partnership.
- No, because attachment of the cars would dissolve the partnership by operation of law.
- Yes, because National had a valid judgment against Fil.
- Yes, because Fil’s interest in the partnership inventory is an asset owned by Fil.