Oslo and Faraya want to form a partnership.Oslo is very ill and they verbally agree that Faraya can continue the business after his death.What type of agreement should they execute in order to ensure that Faraya can keep the partnership property and carry on the business after Oslo's death?

Question

Quizplus · Accepted Answer

A)Perhaps the best way that partners can preserve a partnership business is through
a continuation agreement.This agreement states that continuing partners can keep partnership property and carry on the partnership business,particularly when a partner dies.

Oslo and Faraya Want to Form a Partnership