Which of the Following Is False Regarding Dissolution of a Partnership

question 44

Multiple Choice

Which of the following is false regarding dissolution of a partnership either by act of a partner or by operation of law?

• A)Death of a partner results in dissolution of a partnership by operation of law.
• B)A partnership engaging in an activity that suddenly becomes illegal results in dissolution of a partnership by operation of law.
• C)A partner withdrawing from the partnership at will results in dissolution through an act by a partner.
• D)A partner withdrawing or being expelled pursuant to the partnership agreement results in dissolution through an act by a partner.
• E)A partner's engagement in any other business activity results in dissolution of a partnership through an act by a partner.

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Definitions:

Long-term Performance

The extended period over which an entity or investment achieves its goals or demonstrates effectiveness, usually measured over years.

Firm

A business organization or enterprise, particularly one involving in professional or commercial activities.

Market Development Strategy

A business strategy that involves expanding the potential market through new users or new uses for a product.

Unrelated Products

Products that belong to different markets or sectors, showing no direct connection or use relation.