Which of the Following Is False Regarding the Dissolution of a Partnership

question 53

Multiple Choice

Which of the following is false regarding the dissolution of a partnership in Germany?

• A) If a partner wishes to leave a partnership, he or she must give notice of his intention to do so at least six months before the end of the business year.
• B) On receiving notification of a partner of his or her intent to leave the partnership, the other partners may begin placing bids for the purchase of the leaving partner's shares.
• C) If remaining partners wish to continue the partnership after one leaves, that possibility must be provided for in the contract agreement to terminate the partnership.
• D) If one partner leaves, the remaining partners may opt to fully dissolve the relationship.
• E) All claims against the partnership are dismissed four years after termination.

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