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Diwas Basnet
on Nov 21, 2024

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Which of the following may cause the dissolution of a partnership?

A) Only an act of the partners
B) Only the operation of the law
C) Only an act of the court
D) An act of the partners, operation of the law, or an act of the court
E) A partnership cannot dissolve unless there is a written agreement stating how the dissolution must occur.

Dissolution

The process of formally closing or ending the existence of a legal entity, such as a corporation or partnership.

Partnership

A legally structured business partnership that involves multiple individuals co-managing and sharing the earnings.

  • Acquire knowledge of the steps and stages entailed in the disbandment, liquidation, and termination of partnership agreements.
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Elise GarciaNov 21, 2024
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