Which of the Following Is True Regarding Rights of Partners

question 16

Multiple Choice

Which of the following is true regarding rights of partners in regard to a rightful dissolution of a partnership?

• A) All partners can demand that the partnership be wound-up but only the managing partner may participate in the wind-up.
• B) The partners may continue the partnership upon majority vote.
• C) If the partners unanimously agree, they can continue the business using the partnership's name.
• D) Rightful dissolution is by act of a partner only.
• E) Rightful dissolution is by act of court only.

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Definitions:

FMVSS 105 Compliant

Refers to vehicles or vehicle components that meet the Federal Motor Vehicle Safety Standards for hydraulic and electric brake systems.

Dual Hydraulic Circuits

A safety feature in hydraulic brake systems where the circuit is split into two independent paths to ensure braking capability even if one path fails.

Mechanical Parking Brakes

A system that uses a mechanical linkage and force to secure a stationary vehicle by inhibiting wheel movement.

DOT 4 Hydraulic

A type of hydraulic fluid specified by the Department of Transportation (DOT) for use in brake and clutch systems, known for its high boiling point.