Solved

What Is the Effect of a "Continuation Agreement" Among Partners

Question 129

Multiple Choice

What is the effect of a "continuation agreement" among partners in a general partnership?


A) It prevents a partner from being able to dissolve the partnership without the express written approval of the other partners.
B) It converts a "partnership-at-will" to a partnership for a term.
C) It prevents a partnership from being dissolved by events that would otherwise cause dissolution.
D) It provides for the automatic formation of a new partnership upon dissolution of the existing partnership. Partnerships
E) It limits the personal liability of partners for obligations of a partnership, once the partnership has been dissolved.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents