Dissolution of a partnership can occur under the limited life characteristic if a partner:
A) dies.
B) becomes incapacitated.
C) goes bankrupt.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The limited life characteristic of a partnership means that the partnership can be dissolved for various reasons, including the death, incapacitation, or bankruptcy of a partner.

Dissolution of a Partnership Can Occur Under the Limited Life