When one partner dies, the other partners must:
A)Distribute the deceased partner's capital among themselves.
B)Declare the partnership futile.
C)Admit the deceased's representative as a partner.
D)Dissolve the partnership unless the partnership agreement states otherwise .

Question

Quizplus · Accepted Answer

When one partner dies, the partnership is legally dissolved unless there is a specific clause in the partnership agreement that allows it to continue or outlines procedures for such an event. This is because a partnership is based on the mutual agreement and relationship between specific individuals.

When One Partner Dies, the Other Partners Must