When a Partnership That Was Supposed to Dissolve After One

question 24

True/False

When a partnership that was supposed to dissolve after one partner's death continues to operate, a court is estopped from ordering its dissolution.

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Definitions:

Strategic Opportunism

A business strategy focusing on recognizing and capitalizing on opportunities with flexibility while maintaining a core strategic direction.

Lack-of-participation Error

A mistake or bias that occurs due to the absence or minimal involvement of certain groups or individuals.

Representativeness Bias

A cognitive bias where individuals incorrectly estimate the likelihood of an event by comparing it to an existing prototype in their minds.

Availability Bias

The tendency to overestimate the likelihood of events based on their availability in memory, often influenced by recent occurrences.