Asked by
Shannon Brinson
on Dec 18, 2024
Verified
Which of the following is false regarding the dissolution of a partnership in Germany?
A) If a partner wishes to leave a partnership, he or she must give notice of his intention to do so at least six months before the end of the business year.
B) On receiving notification of a partner of his or her intent to leave the partnership, the other partners may begin placing bids for the purchase of the leaving partner's shares.
C) If remaining partners wish to continue the partnership after one leaves, that possibility must be provided for in the contract agreement to terminate the partnership.
D) If one partner leaves, the remaining partners may opt to fully dissolve the relationship.
E) All claims against the partnership are dismissed four years after termination.
Germany
A country in Central Europe known for its history, cultural heritage, and as a major economic and political power.
Dissolution
The legal process of ending the existence of a legal entity or agreement, such as a corporation or marriage.
- Gain insight into the mechanisms and legal context for partnership termination.
Verified Answer
EA
Learning Objectives
- Gain insight into the mechanisms and legal context for partnership termination.