When a Partnership Dissolves,which of the Following Is Not One

question 47

Multiple Choice

When a partnership dissolves,which of the following is not one of the causes?

• A)The partnership is dissolved when one of the partners dies.
• B)The partnership is dissolved when one of the partners starts a business in competition with the partnership business.
• C)The partnership is dissolved when one of the partners goes bankrupt.
• D)The partnership is dissolved when one of the partners serves notice on the other partners to that effect.
• E)A partnership can be dissolved by order of the court.

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Definitions:

Reinstatement

The process of restoring a person or entity to a former position, status, or condition, often used in employment or insurance contexts.

Employer's Liability

The legal responsibility of an employer for injuries or damages suffered by employees as a result of their employment.

Course of Employment

Refers to the range of activities employees are or can reasonably be expected to be engaged in as part of their job or while working.

Fiduciary Duty

An obligation to act in the best interest of another party, typically in financial matters.