Which of the Following Is False Regarding the Winding-Up Process

question 76

Multiple Choice

Which of the following is false regarding the winding-up process?

• A)During the winding-up process,the partners may not engage in any business that competes with the partnership business.
• B)If a partner wrongfully dissolves a partnership,that partner has no right to demand a winding up.
• C)During winding-up,once partnership assets are gathered,they are distributed to the partners or to creditors.
• D)During the winding-up process,the partners must still fulfill their fiduciary duty to one another by disclosing all information about the partnership assets.
• E)If a partnership has been rightfully dissolved,any partner can demand that the winding-up stage begin.

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