Ira is deeply involved in the management of a certain business. If Ira dies, the business entity would be considered legally dissolved as a result of Ira's death if:
A) she was a shareholder of a corporation.
B) the business is a partnership and Ira is a partner in it.
C) the business is a corporation.
D) the business is a Subchapter S corporation.

Question

Quizplus · Accepted Answer

The business of a partnership may be continued when a partner dies, becomes insolvent, or wishes to retire. Nevertheless, the law treats the partnership as dissolved.

Ira Is Deeply Involved in the Management of a Certain