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In the Absence of a Partnership Agreement,what Happens to Partnership

Question 72

Multiple Choice

In the absence of a partnership agreement,what happens to partnership property when a partner dies?


A) The surviving spouse takes the place of the deceased partner and shares equally in the rights to the partnership property.
B) The surviving partners and the surviving spouse receive the rights to the partnership property.
C) The surviving partners and the deceased partner's heirs receive the rights to the partnership property.
D) Without a partnership agreement,there is no effect on partnership property.
E) The surviving partners receive the rights to the partnership property.

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