When a Limited Partnership Dissolves and Winding Up Commences

question 64

Multiple Choice

When a limited partnership dissolves and winding up commences:

• A) a certificate of cancellation must be filed.
• B) the state automatically cancels the certificate of limited partnership.
• C) all general and limited partners can be involved in the winding up process.
• D) a court must decree that the partnership is terminated.

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Definitions:

Friedman Test

A non-parametric test used to detect differences in treatments across multiple test attempts, especially for matched or paired subjects.

Kruskal-Wallis Test

A statistical test that determines if three or more independent samples come from populations with the same distribution, using ranking methods.

Alternative Hypothesis

In hypothesis testing, it is the statement that contradicts the null hypothesis, asserting that there is a significant difference or effect.

Population Locations

Refers to the geographical or spatial distribution of members within a defined population.