Which of the following is an accurate statement regarding dissolution of a partnership?
A) A general partnership may be dissolved,while a limited partnership may not.
B) Just like a general partnership,a limited partnership may be dissolved and its affairs wound up.
C) Dissolution of a general partnership is governed by federal law,while dissolution of a limited partnership is governed by state law.
D) Dissolution of a limited partnership is governed by federal law,while dissolution of a general partnership is governed by state law.
Correct Answer:
Verified
Q87: Explain the events that cause the dissolution
Q88: A(n)_ is a document that two or
Q89: Laura is an investor and a limited
Q90: A(n)_ is a document that sets forth
Q91: _ establishes rules for the dissolution of
Q92: Which of the following types of liability
Q93: Explain the liabilities of general and limited
Q94: _ occurs when (1)a certificate of limited
Q96: According to the Revised Uniform Limited Partnership
Q97: On the dissolution and the commencement of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents