The Change in the Relationship of Partners in a Partnership

question 15

Multiple Choice

The change in the relationship of partners in a partnership caused by any partner ceasing to be associated in the carrying on of the business is known as ________.

• A) action for an accounting
• B) indemnification
• C) winding up
• D) dissolution

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Definitions:

Yellowstone National Park

A vast national park known for its wildlife and geothermal features, such as geysers and hot springs, primarily located in the U.S. state of Wyoming.

Comprehensive Environmental Response

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), is a federal law designed to clean up sites contaminated with hazardous substances and pollutants.

Pollution

The contamination of the environment, particularly air, water, and soil, with harmful or toxic substances.

Cleanup Order

A directive issued by a court or regulatory authority requiring the remediation of environmental contamination.