If One Partner in a Two-Partner Partnership Dies, the Estate

question 77

True/False

If one partner in a two-partner partnership dies, the estate cannot be a partner, so the partnership is terminated.

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Definitions:

Quart

A unit of liquid volume equivalent to a quarter of a gallon, or approximately 0.946 liters.

Abbreviation

A shortened form of a word or phrase used to save space or time in written communication.

Numerator

The top number in a fraction that indicates how many parts of a whole are being considered.

Kilo-

A prefix in the metric system denoting a factor of one thousand.