What Is the Legal Effect of the Death of a Partner

question 32

Multiple Choice

What is the legal effect of the death of a partner?

• A)The partnership comes to an end.
• B)The partnership remains unchanged.
• C)The partnership becomes illegal.
• D)The partnership is wound up.

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Definitions:

Individualism

A theory in sociology that prioritizes individual autonomy over the control of groups or government.

Cultural Value

The shared beliefs, norms, and practices that are significant within a specific culture, influencing behaviors, attitudes, and perceptions.

Individualism

A social theory favoring freedom of action for individuals over collective control and emphasizing the importance of individual self-reliance and personal independence.

Cultural Value

The shared beliefs or norms that shape the behaviors and practices of individuals within a society or organization.