The Liquidation of a Partnership May Result from Each of the Following

question 188

Multiple Choice

The liquidation of a partnership may result from each of the following except the

• A) bankruptcy of the partnership.
• B) death of a partner.
• C) retirement of a partner.
• D) sale of the business by the partners.

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Definitions:

Ascertainable Criteria

Specific, measurable standards that can be used to evaluate or determine an outcome or decision.

Peacemaking

The act of bringing about peace, especially by reconciling adversaries.

Non-violence

The practice of achieving goals through peaceful means, avoiding violence.

Transition

The process or period of changing from one state or condition to another, often involving significant development or transformation.