In the absence of an express agreement permitting continuation of the business by the surviving partners, they must wind up the business and account for the share of any partner who has:

Question

Quizplus · Accepted Answer

The statement is inclusive of all the given options, hence the correct answer is D - all of the above. If there is no agreement in place permitting continuation of the business by the surviving partners, in the event of withdrawal, death, or expulsion of any of the partners - the business must be wrapped up and accounted for.

In the Absence of an Express Agreement Permitting Continuation of the Business