Oscar is a partner in Party Caterers. Oscar's death will

Question

Quizplus · Accepted Answer

Oscar's death will dissociate him from the partnership. Dissociation of a partner from a partnership does not necessarily dissolve the partnership or wind up the business; it may lead to a reconstitution of the partnership with the remaining partners or trigger buyout provisions according to the partnership agreement. Dissolution or winding up of the business would depend on the terms of the partnership agreement or the decision of the remaining partners following the dissociation.

Oscar Is a Partner in Party Caterers