To prevent problems that may arise when a partner dies or withdraws from a partnership,the articles of partnership should include a(n)______.
A) buy and sell agreement
B) escrow instruction
C) establishment clause
D) commerce clause
E) interest agreement

Question

Quizplus · Accepted Answer

To prevent problems that may arise when a partner dies or withdraws from a partnership, the articles of partnership should include a buy and sell agreement. This agreement, which should be entered into when a business entity is created, provides for the amount and manner of compensation for the interest of the deceased or withdrawing owner.

To Prevent Problems That May Arise When a Partner Dies