Notice of Dissolution of a Partnership Is Not Necessary to Third

question 9

True/False

Notice of dissolution of a partnership is not necessary to third persons who have done business with the firm.

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Definitions:

Quantity of Imports

The total amount of goods and services brought into a country from abroad for domestic consumption.

Equilibrium

A condition where the supply and demand in the market are in equilibrium, leading to stable pricing.

Economies of Scale

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Free Trade

An economic policy that allows for the unrestricted import and export of goods and services between countries without tariffs or quotas.