Unless otherwise provided by contract, a partnership dissolves if a change in the composition of the partners takes place
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which if the following is not true about closing entries?
a. Closing entries move the balances of nominal accounts to the retained earnings account. b. Closing entries are an optional step in the accounting cycle. c. Closing entries are made later in the accounting cycle than adjusting entries. d. Closing entries are made before the post-closing trial balance is prepared.
Transitional expressions such as next, first, and finally are useful to show
A) cause and effect B) illustration. C) comparison and contrast. D) time association.
The Federal Trade Commission Act of 1914 is primarily concerned with
A. conspiracies in restraint of trade. B. price-fixing agreements. C. unfair methods of competition. D. deceptive warranties. E. mergers that might substantially lessen competition.
Which of the following contracts requires some writing under Article 2 of the UCC for it to be enforceable?
a. Wiley purchase a telephone from a discount store for $100. b. Leslie sold her couch to Paula for $300. c. UpTown Department Store contracted to sell Jeremy a $400 bed. d. Americo, a textile manufacturer, contracted to sleeping bags for $643 to UpTown Department Store.