Fact Pattern
Brad is a general partner,and Carlos and Dora are limited partners,in Eastside Physicians,a medical clinic and limited partnership.
-Refer to Fact Pattern 18-1B.Eastside is dissolved and its assets are collected,liquidated,and distributed.This results in

Question

Fact Pattern 
Brad is a general partner,and Carlos and Dora are limited partners,in Eastside Physicians,a medical clinic and limited partnership.
-Refer to Fact Pattern 18-1B.Eastside is dissolved and its assets are collected,liquidated,and distributed.This results in

Quizplus · Accepted Answer

When a limited partnership is dissolved and its assets are collected, liquidated, and distributed, it results in the termination of its legal existence. Therefore, option D is the correct answer. Option A is incorrect because the dissolution of the partnership implies the end of its existence. Option B is incorrect because the partnership's debts do not mature but still need to be paid off. Option C is incorrect because the business is already suspended upon dissolution.

Fact Pattern Brad Is a General Partner,and Carlos and Dora Are Limited