Which of the Following Is True Regarding Notice of a Partnership's

question 1

Multiple Choice

Which of the following is true regarding notice of a partnership's dissolution?

• A) Notice of dissolution must be given through a newspaper in order to be legally acceptable.
• B) Notice of dissolution is necessary when the partnership was dissolved by the operation of law.
• C) Notice of dissolution is necessary when the partnership was dissolved by a judicial decree.
• D) Notice of dissolution is not necessary when a dormant or a secret partner retires.

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Definitions:

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A theory in social science that posits individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

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Entities such as companies or businesses that are capable of making decisions and acting in the economic or social sphere, often with considerable influence.

James Coleman

An influential American sociologist known for his contributions to educational sociology, social theory, and the concept of social capital.

Power Differentials

The differences in power between individuals, groups, or institutions, often contributing to variations in their ability to influence outcomes.