Smiley is heavily involved in the management of a certain business.If Smiley dies,under which of the following circumstances would the business entity be considered legally dissolved as a result of Smiley's death?
A) If the business is a corporation.
B) If the business is a partnership and Smiley is a partner in it.
C) If the business is either a partnership (and Smiley is a partner in it) or a close corporation.
D) If the business is a Subchapter S corporation.
Correct Answer:
Verified
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