Which of the Following Is True Regarding the Effect of the Death

question 55

Multiple Choice

Which of the following is true regarding the effect of the death of a partner on a general partnership?

• A) The partnership ceases to exist immediately upon the death of any partner.
• B) The partnership ceases to exist 10 days after the death of any partner.
• C) The remaining partners must by operation of law continue the partnership for at least one year.
• D) Within 90 days, the remaining partners may elect to continue the partnership.

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Definitions:

Brainstorming

A group problem-solving technique involving the spontaneous contribution of ideas from all members of the group.

Writing in a Journal

The act of recording personal thoughts, feelings, and experiences in a notebook or digital document, used as a form of self-expression or reflection.

Thoughts

mental processes involving thinking, reasoning, or contemplating, often reflecting personal beliefs, opinions, or plans.

Brainstorming

A group creativity technique by which efforts are made to find a solution for a specific problem by gathering a list of ideas spontaneously contributed by its members.