Which of the Following Is True Regarding the Effect of the Death

question 43

Multiple Choice

Which of the following is true regarding the effect of the death of a partner on a general partnership?

• A) Unless there is an agreement to the contrary,the partnership dissolves upon the death of a partner.
• B) Unless there is an agreement to the contrary,the partnership ceases to exist 10 days after the death of any partner.
• C) The remaining partners must by operation of law continue the partnership for at least one year.
• D) Within 90 days the remaining partners may elect to continue the partnership.