Which of the Following Is True About a Partnership

question 47

Multiple Choice

Which of the following is true about a partnership?

• A) The old partnership ends upon the acceptance of a new partner.
• B) Only one owner is allowed in a Partnership.
• C) The old partnership ends only upon the withdrawal of a partner.
• D) Partnerships have an unlimited life.
• E) If a new partner is admitted to the partnership, the old partnership must liquidate.

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Definitions:

Terrified

A state of intense fear that can be the result of real or perceived threats, causing significant distress.

Predisposition

An inborn or acquired vulnerability for developing certain symptoms or disorders.

Cortisol

A steroid hormone released in response to stress and low blood-glucose concentration, playing a significant role in the body's response to stress.

Amygdala

A part of the brain's limbic system involved in emotion regulation, especially fear, and storing emotional memories.