Dissolution of a partnership takes place, unless otherwise provided for by contract, in the following instances except:

Name: Dissolution of a partnership takes place, unless otherwise provided for by contract, in the following instances except:
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Question

Quizplus · Accepted Answer

Dissolution of a partnership does not automatically occur due to a change in the financial condition of a partner. The other options, such as bankruptcy, withdrawal, or death of a partner, can lead to dissolution unless there is an agreement stating otherwise.

Dissolution of a Partnership Takes Place, Unless Otherwise Provided for by Contract