Which of the following will not result in dissolution of a partnership?
A)Incapacitation of a partner
B)Negative capital balance of a partner
C)Bankruptcy of a partner
D)Admission of a new partner

Question

Quizplus · Accepted Answer

While incapacitation, bankruptcy, and admission of a new partner can all result in dissolution of a partnership, a negative capital balance of a partner alone is not enough to dissolve a partnership. However, it may lead to the partner being required to make additional contributions to the partnership to cover the negative balance.

Which of the Following Will Not Result in Dissolution of a Partnership