All the following statements concerning an entity-purchase buy-sell agreement for a partnership are correct EXCEPT:

All the following statements concerning an entity-purchase buy-sell agreement for a partnership are correct EXCEPT:
A . The partnership makes payments to the decedent-partner’s estate to liquidate the partnership interest held by the estate.
B . Both the partners and the partnership are parties to the agreement that provides for business continuation.
C . It is the surviving partners who purchase the decedent’s business interest so that the partnership can afford to pay the decedent’s estate.
D . The partnership in effect, liquidates the interest held by the decedent-partner’s estate.

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Answer: C