A partnership is automatically dissolved if the purpose of the partnership becomes illegal.

Name: A partnership is automatically dissolved if the purpose of the partnership becomes illegal.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true as continuing to operate an illegal partnership can result in legal consequences for the partners. Additionally, the partnership agreement would become void if the purpose becomes illegal, which would result in the dissolution of the partnership.

A Partnership Is Automatically Dissolved If the Purpose of the Partnership