Which of the Following Is False Regarding the Dissolution of a Partnership

question 40

Multiple Choice

Which of the following is false regarding the dissolution of a partnership in Germany?

• A)If a partner wishes to leave a partnership,he or she must give notice of his intention to do so at least six months before the end of the business year.
• B)If one partner leaves,the remaining partners may opt to fully dissolve the relationship.
• C)If remaining partners wish to continue the partnership after one leaves,that possibility must be provided for in the contract agreement to terminate the partnership.
• D)All claims against the partnership are dismissed four years after termination.
• E)On receiving notification of a partner of his or her intent to leave the partnership,the other partners may begin placing bids for the purchase of the leaving partner's shares.

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Definitions:

Manhattan Island

An island located at the mouth of the Hudson River in New York City, known for being the city's economic and cultural center.

Automobile Factory

A manufacturing facility that specializes in producing automobiles, utilizing assembly lines for efficient mass production.

Unemployment

Occurs when people who are willing to work are unable to find jobs, representing a wasted potential in the economy.

Underemployment

describes a situation where workers are employed in capacities below their skill level or work fewer hours than they would prefer.