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Use This Fact Situation to Answer the Related Questions That

Question 20

Multiple Choice

Use this fact situation to answer the related questions that follow. Albert,John,George and Alice are partners in the accounting firm AGJM,but have no partnership agreement.
In the event that Albert dies,


A) the partnership continues between John,George,and Alice.
B) the partnership is dissolved.
C) the partnership will continue,with Albert's estate replacing Albert as a partner.
D) the partnership becomes a joint venture.
E) the partnership continues,but the firm name must be changed.

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