The Change in the Relation of Partners Caused by Any

question 194

Multiple Choice

The change in the relation of partners caused by any partner's ceasing to be associated with the carrying on of the business is called:

• A) Dissolution
• B) Disbanding
• C) Conclusion
• D) Suspension

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Definitions:

Contract Breach

An occurrence when one party fails to fulfill their obligations under a contract, either by not performing their duties, providing incomplete work, or violating the contract terms.

First-grade Steel

Refers to the highest quality of steel suitable for premium applications where material standards are critical.

Legislation

Laws and legal norms passed by a legislative body or the process of creating such laws.

Business Executives

Senior-level managers who direct the business strategies and operations of a company, focusing on achieving its goals and objectives.