The Court May Upon an Application by One or More

question 13

Multiple Choice

The court may upon an application by one or more partners order the partnership dissolved under which circumstance?

• A) A partner is guilty of conduct which adversely affects the carrying on of the business.
• B) A partner becomes permanently incapable of performing his part of the partnership agreement.
• C) A partner is found mentally incompetent.
• D) A partner willfully or persistently commits a breach of the partnership agreement.
• E) all of the above

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Definitions:

Industry

A group of companies or organizations involved in the production or supply of goods and services in a particular area of the economy.

Firms

Business entities engaged in commercial, industrial, or professional activities, with the goal of earning a profit.

College Textbook Publishers

Companies specialized in publishing textbooks tailored for college and university level courses.

Cutthroat Competition

A situation in which businesses aggressively compete with one another by cutting prices and attempting to eliminate competitors in the market.