When a partnership dissolves,which of the following is not one of the causes?
A)The partnership is dissolved when one of the partners dies.
B)The partnership is dissolved when one of the partners starts a business in competition with the partnership business.
C)The partnership is dissolved when one of the partners goes bankrupt.
D)The partnership is dissolved when one of the partners serves notice on the other partners to that effect.
E)A partnership can be dissolved by order of the court.

Question

Quizplus · Accepted Answer

Starting a business in competition with the partnership business does not automatically dissolve the partnership. While it may lead to disputes or legal action, it is not in itself a cause for dissolution without further action by the partners or a legal authority.

When a Partnership Dissolves,which of the Following Is Not One