Fact Pattern 27-1
Brad, Carlos, and Dora are general partners in Eastside Physicians, a medical clinic.
-Refer to Fact Pattern 27-1. The partners decide to dissolve Eastside. Dora collects and distributes the firm's assets. This results in
A) nothing with respect to the firm's existence.
B) the continuation of the firm's business.
C) the termination of the firm's legal existence.
D) the temporary suspension of the firm's business.

Question

Quizplus · Accepted Answer

When the partners decide to dissolve the partnership and Dora collects and distributes the firm's assets, this results in the termination of the firm's legal existence. The partnership no longer exists as a legal entity after the dissolution process is complete.

Fact Pattern 27-1 Brad, Carlos, and Dora Are General Partners in Eastside Physicians