Dissolution: a. is the same as termination. b. can result from a limited partner leaving the partnership. c. can result from the death of a partner. d. all of the above

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Business

Grady Wilkinson

3 March, 11:13

Dissolution: a. is the same as termination. b. can result from a limited partner leaving the partnership. c. can result from the death of a partner. d. all of the above

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Answers (1)

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Madalyn Houston · Answer 1

The correct answer is letter "D": all of the above.

Explanation:

Partnerships are forms of entities where the owners of the business or partners are unlimited liable. This means if the company is in debt the personal assets of the partners can be considered as part of the repayment. If one of the partners retires, is removed, if a new partner is added or if one of them deceases, the current partnership is dissolved or legally terminated.