The term ________ is associated with the change in the relationship of the partners caused by any partner's ceasing to be associated with the carrying on of the business.

A) resolution
B) dissolution
C) winding up
D) removal
E) transforming

Question

Harry Azcrack · Accepted Answer

Final Answer : B, Explanation :  Dissolution refers to the process of dissolving a partnership, which can occur for various reasons, including a partner ceasing to be associated with the business. This term specifically relates to the change in the relationship among partners when the partnership is dissolved or when a partner leaves.

The term ________ is associated with the change in the relationship of the partners caused by any partner's ceasing to be associated with the carrying on of the business.

A) resolution
B) dissolution
C) winding up
D) removal
E) transforming

Definitions

Learning Objectives

Learning Objectives

Related questions

The term ________ is associated with the change in the relationship of the partners caused by any partner's ceasing to be associated with the carrying on of the business.A) resolutionB) dissolutionC) winding upD) removalE) transforming

Definitions

Learning Objectives

Learning Objectives

Related questions

The term ________ is associated with the change in the relationship of the partners caused by any partner's ceasing to be associated with the carrying on of the business.

A) resolution
B) dissolution
C) winding up
D) removal
E) transforming