Connie,Drew,and Ellen are the general partners of Foreign Auto Repair,a lim?ited partner?ship.Connie dies.The partnership can
A)continue only after a distribution of its assets.
B)continue only as a general partnership.
C)continue only if Drew and Ellen consent.
D)not continue because Connie's death dissolves the firm.

Question

Quizplus · Accepted Answer

In a limited partnership, the death of a general partner can lead to dissolution unless the remaining partners agree to continue the business. If Drew and Ellen consent, the partnership can continue.

Connie,Drew,and Ellen Are the General Partners of Foreign Auto Repair,a