When a partnership is dissolved:
A) it is implied that the business cannot form a different ownership structure.
B) it is implied that the business cannot continue with a new group of partners.
C) it is implied that it must be dissolved with any change in partnership structure.
D) it is implied that the business will halt operations.

Question

Quizplus · Accepted Answer

Dissolution of a partnership typically means that the existing partnership agreement comes to an end, often due to changes in the partnership structure, such as the departure or addition of partners. It does not necessarily mean the business cannot continue under a new agreement or structure.

When a Partnership Is Dissolved