Which Statement Is True Regarding the Rights of Partners to a Rightful

question 1

Multiple Choice

Which statement is true regarding the rights of partners to a rightful dissolution of a partnership?

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

---

Definitions:

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Joint Products

The simultaneous production of two or more products from a single process or material, where the products are of significant value but not necessarily the same value.

Sales Revenue

The total amount of money generated from selling goods or services before any expenses are subtracted.

Raw Material

Basic material that is used in the manufacturing process to produce goods, often processed and transformed into finished products.