Ask Question
BusinessBusiness
30 November, 02:30

A partnership can be terminated by which of the following

A. Bankruptcy

B. Death of a partner

C. Agreement by partners

D. All of the above

The answer is D

+3
Answers (2)
  1. 30 November, 02:44
    0
    The correct answer is D, All of the above.

    A partnership can be terminated by Bankruptcy, Death of a partner, Agreements by partners.

    A partnership is a form of business in which two or more people come together to run a business on percentage basis. All the partners are liable for any loss that may incur. A formal agreement is signed between the partners, discussing the terms and conditions in it. There are possibilities of terminating the partnership. These could be the death of any partner, bankruptcy, or indicated by them in the agreement.
  2. 30 November, 02:58
    0
    Answer

    A Partnership can be terminated by bankruptcy, death of a partner and agreement by partners. The answer is D. all of the above.

    Explanation

    Terms leading to the termination and dissolution of a partnership should be specified in a partnership agreement. The terms may include all the events that might lead to termination of the agreement. A partnership can terminate if the expiry date is reached, when the project is completed, death of a partner, bankruptcy of a partner, illegality of activities and a court application for an order of termination.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A partnership can be terminated by which of the following A. Bankruptcy B. Death of a partner C. Agreement by partners D. All of the above ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During the year, a corporation declares a dividend and subsequently distributes to a stockholder $15,000 in cash and a bond with a basis of $25,000 and a fair market value of $26,000 on the date of distribution.
Answers (1)
A cost which remains constant per unit at various levels of activity is a:
Answers (1)
At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Barcroft estimated that its volume of production would be 2,000 units of product.
Answers (1)
Lenox China Co. would like to get its annual Christmas ornament series into Macy's department stores. Macy's has a buying office in New York City that makes decisions on its giftware buys.
Answers (1)
Which of the following mortgages would you prefer to hold if you were a lender and you expected inflation of uncertain magnitude? A. Conventional fixed-rate mortgages B. Reverse annuity mortgages C. Adjustable-rate mortgage loans D.
Answers (1)
New Questions in Business
With three criteria, you can raise your rank on a search engine: competition, relevancy, and content. branding. name recognition value. e-commerce.
Answers (1)
What can a benefit and a drawback be for a 'franchisor'?
Answers (1)
Roy was doing repair work in the apartment of Melinda. He saw a deep crack in the floor but did not repair it at the time. Later while doing ceiling work, his ladder got stuck in the crack and he injured himself.
Answers (1)
Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March follows:Fees earned $1,100,000Wages expense 715,000Rent expense 80,000Supplies expense 9,000Miscellaneous expense 12,000Prepare an income
Answers (1)
Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the same bank. Her employer offers direct deposit and she plans to use online bill paying.
Answers (1)
Home » Business » A partnership can be terminated by which of the following A. Bankruptcy B. Death of a partner C. Agreement by partners D. All of the above The answer is D
Sign Up Forgot Password?