A partner's dissociation terminates his or her right to participate in the management and conduct of the business.

Question

Quizplus · Accepted Answer

This statement is true. When a partner dissociates, their right to participate in the management and conduct of the business is terminated. However, they may still be entitled to receive their share of profits or losses and have the right to participate in partnership meetings to approve major decisions.

A Partner's Dissociation Terminates His or Her Right to Participate