Use This Fact Situation to Answer the Related Questions That

question 36

Multiple Choice

Use this fact situation to answer the related questions that follow. Albert,John,George and Alice are partners in the accounting firm AGJM,but have no partnership agreement.
In the event that Albert dies,

• A)the partnership continues between John,George,and Alice.
• B)the partnership is dissolved.
• C)the partnership will continue,with Albert's estate replacing Albert as a partner.
• D)the partnership becomes a joint venture.
• E)the partnership continues,but the firm name must be changed.

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Definitions:

Constitutional Convention

The meeting held in 1787 in Philadelphia where the Constitution of the United States was drafted.

Rhode Island

The smallest state in the United States, known for its coastal scenery and as a haven for religious freedom during its founding.

Representative

An individual who is elected to serve and act on behalf of a larger group of people, particularly in legislative or governmental roles.

Loyalists

Colonists who remained loyal to the British crown during the American Revolutionary War, often opposing the independence movement.