When a partnership is dissolved by the act of a partner, notice:
A) is not required.
B) must be given to the other partners only.
C) must be given to third persons only.
D) must be given to both other partners and third persons.

Question

Quizplus · Accepted Answer

When a partnership is dissolved by the act of a partner, notice must be given to both other partners and third persons. This is to ensure that all parties are aware of the dissolution and can take necessary actions accordingly. Failure to give notice can result in legal liabilities for the partners.

When a Partnership Is Dissolved by the Act of a Partner