Cathy, Don, and Ethel are partners in Fruit Orchard Farms. Cathy gives notice to quit the firm, which otherwise continues to do business. This is
A)dissociation.
B)dissolution.
C)unethical.
D)illegal.

Question

Quizplus · Accepted Answer

When a partner gives notice to quit a partnership, but the firm continues to do business, it is considered a dissociation. Dissociation refers to the change in the relationship of the partners caused by any partner ceasing to be associated in the carrying on of the business.

Cathy, Don, and Ethel Are Partners in Fruit Orchard Farms