When One Partner Dies, the Other Partners Must

question 19

Multiple Choice

When one partner dies, the other partners must:

• A)Distribute the deceased partner's capital among themselves.
• B)Declare the partnership futile.
• C)Admit the deceased's representative as a partner.
• D)Dissolve the partnership unless the partnership agreement states otherwise .

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Definitions:

Managing Conflict

The process of identifying and addressing differences that, if left unchecked, could affect project performance.

Forming Stage

The initial phase of team development where members are brought together, get to know each other, and start to understand the team's goals.

Team Development

The process of enhancing the effectiveness of work groups through improving goal setting, roles, interpersonal relationships, and problem-solving strategies.

Storming Stage

The phase in group development where members experience conflicts and competition, as individual personalities and differences emerge.