A Partnership Can Be Terminated by Which of the Following

question 4

Multiple Choice

A partnership can be terminated by which of the following?

• A) Bankruptcy
• B) Death of a partner
• C) Agreement by partners
• D) All of the above

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Definitions:

Statute Law

Written laws passed by a legislative body at the federal or state level, as opposed to common law, which is derived from judicial decisions.

Early Payment

The act of settling a debt or invoice before its designated due date, which may sometimes lead to benefits such as discounts.

Communicated Acceptance

The act of conveying agreement to the terms of an offer, completing the formation of a contract.

Similar Relations

Associations or connections between entities or concepts that share common characteristics or attributes.