Whenever there is a change in the mix of partners,the old partnership is dissolved and a new one begins.

Question

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This statement is true. When there is a change in the mix of partners, the old partnership is dissolved and a new one begins. This is because partnerships are based on the agreement and understanding between specific individuals or entities, and any change to that group can alter the terms and dynamics of the partnership. Therefore, it is customary for partners to dissolve their previous agreement and create a new one when there is a change to the partnership structure.

Whenever There Is a Change in the Mix of Partners,the