Randy,Joan,and Arnie Are Partners

question 35

Multiple Choice

Randy,Joan,and Arnie are partners.Their agreement did not address dissociation nor how long the partnership would last.Randy decided to leave the partnership.What happens when Randy serves notice he intends to withdraw?

• A)The partnership can either buy him out and continue in business or wind up the business and terminate the partnership.
• B)The partnership automatically terminates.
• C)The partnership winds down.
• D)The partnership estoppes.

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