When a Partner Dies,the Partnership Ceases to Exist,and the Deceased

question 49

True/False

When a partner dies,the partnership ceases to exist,and the deceased partner's estate will have ownership of the partner's equity in the partnership.

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Definitions:

Informed Consent

Informed Consent is a process in healthcare and research whereby a patient or participant is given full information about a procedure or study, understanding the risks and benefits before agreeing to participate.

Deceived

To mislead or trick someone into believing something that is not true.

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Proportion

A mathematical or statistical relationship between two numbers or quantities that indicates their relative sizes or significance.