Unless otherwise specified in the partnership agreement or other written agreement, in states that follow the Uniform Partnership Act (1914), the partnership dissolves whenever one partner ceases to be a partner, for whatever reason.
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Q21: The partnership is formed when the partnership
Q22: Partners must contribute an equal amount to
Q23: A partnership agreement may provide for an
Q24: The partnership agreement may require each partner
Q25: The partnership agreement may specify that one
Q26: Creditors of the partnership may look to
Q27: Partners must pay income tax on the
Q29: Partners may purchase insurance to cover many
Q30: A partner may designate a substitute to
Q31: All partners share in the profits and
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