When one partner dies, the other partners are entitled to:
A) distribute the deceased partner's capital among themselves.
B) dissolve the partnership and add another partner.
C) enforce liability on the partner's spouse.
D) declare the partnership as futile.

Question

Quizplus · Accepted Answer

When a partner dies, the partnership is typically dissolved, and the remaining partners may choose to reform the partnership with a new partner or continue the business in a different form.

When One Partner Dies, the Other Partners Are Entitled To