Which of the Following Is True Regarding the Effect of the Death

question 43

Multiple Choice

Which of the following is true regarding the effect of the death of a partner on a general partnership?

• A) Unless there is an agreement to the contrary,the partnership dissolves upon the death of a partner.
• B) Unless there is an agreement to the contrary,the partnership ceases to exist 10 days after the death of any partner.
• C) The remaining partners must by operation of law continue the partnership for at least one year.
• D) Within 90 days the remaining partners may elect to continue the partnership.

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Definitions:

Menopause

The time of natural cessation of menstruation; also refers to the biological changes a woman experiences as her ability to reproduce declines.

Sex-reassignment Surgery

A medical procedure or series of procedures by which a person's physical sex characteristics are altered to resemble that of their gender identity.

Transgender

An umbrella term for individuals whose gender identity or expression differs from the sex assigned to them at birth.

Sexual Receptiveness

An individual's readiness or openness to engage in sexual activity.