Dissolution occurs upon the happening of an event specified in the partnership agreement as resulting in dissolution.However, the partners may agree to continue the business.

Question

Quizplus · Accepted Answer

The statement is true. While dissolution may occur upon the happening of a specified event, such as the death of a partner or the completion of a specific project, the partners can also choose to continue the business by mutual agreement.

Dissolution Occurs Upon the Happening of an Event Specified in the Partnership