Which of the Following Would Not Result in the Automatic

question 9

Multiple Choice

Which of the following would not result in the automatic dissolution of a partnership?

• A) A partner's illness
• B) The bankruptcy of a partner
• C) The death of a partner
• D) The admission of a new partner

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Definitions:

Unconditional Assignment

A legal transfer of all rights and interests in a policy or contract to another party without any conditions.

Obligor

An individual or entity legally bound to provide a payment or perform a service under the terms of a contract.

Defenses

Legal reasons or arguments that can be used by a defendant to challenge a lawsuit in court.

Obligee

One to whom an obligation is owed.