Under the UPA, after dissolution:
a. the partnership must be liquidated.
b. the remaining partners have the right to continue the partnership if the majority of them agree.
c. the remaining partners have the right to continue the partnership if the partnership was dissolved in contravention of the partnership agreement.
d. the partnership must be liquidated only if the dissolution was caused by the expulsion of a partner in accordance with the partnership agreement.
c
You might also like to view...
Explain negative cash flow. How can a profitable firm have negative cash flow?
What will be an ideal response?
The Association of Southeast Asian Nations is a trading alliance of ________.
A. eight Southeast Asian nations and Japan B. eight Southeast Asian nations C. ten Southeast Asian nations D. ten Southeast Asian nations and China
A(n) ____________________ subquery returns more than one column to the outer query
Fill in the blank(s) with correct word
Which of the following constitutes a control weakness related to factory equipment?
A. A policy requiring all purchases of factory equipment to be made by the department in need of the equipment. B. Checks issued in payment of purchases of equipment are not signed by the controller. C. Factory equipment replacements are generally made when estimated useful lives, as indicated in depreciation schedules, have expired. D. Proceeds from sales of fully depreciated equipment are credited to other income.