What Is the Legal Effect of the Core Business of the Partnership

question 2

Multiple Choice

What is the legal effect of the core business of the partnership business becoming illegal?

• A)The partnership is automatically dissolved.
• B)Each partner has the option of leaving the partnership without notice.
• C)The court is empowered to dissolve the partnership.
• D)There is no legal effect.

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Definitions:

Identity Achievement

A stage of self-identity development in which an individual has gone through an exploration of different identities and made a commitment to a particular one.

Identity Competence

The capacity or skill to construct and understand one's sense of identity in various contexts.

Foreclosure

In developmental psychology, it refers to a premature commitment to an identity without adequate exploration of other options.

Psychohistorical Analysis

An interdisciplinary study combining psychology and history to understand historical figures' motivations or how psychological forces shape historical events.