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18 August, 22:15

When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners.

True / False.

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Answers (2)
  1. 19 August, 00:00
    0
    True

    Explanation:

    When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners.
  2. 19 August, 00:45
    0
    Answer: TRUE

    Explanation: In case of partnership, the owner and business are not considered to be separate legal entity. Thus, if a partner leaves the company whether willingly or unwillingly as in case of death, the existing agreement dissolves.

    In such a case, the remaining partners calculate if there is any obligation on the entity to pay to the old partner or some share that the old partner is liable to pay to the firm.

    After such considerations a new partnership agreement is formed by the remaining partners.
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