Which of the following is true regarding notice of a partnership's dissolution?
A) Notice of dissolution must be given through a newspaper in order to be legally acceptable.
B) Notice of dissolution is necessary when the partnership was dissolved by the operation of law.
C) Notice of dissolution is necessary when the partnership was dissolved by a judicial decree.
D) Notice of dissolution is not necessary when a dormant or a secret partner retires.

Question

Quizplus · Accepted Answer

A dormant or secret partner is not known to the public, so their retirement does not require public notice of dissolution.

Which of the Following Is True Regarding Notice of a Partnership's