A(n) ________ is a partnership created for a fixed duration.

Name: A(n) ________ is a partnership created for a fixed duration.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

A partnership for a term is created for a fixed duration, after which it automatically dissolves unless the partners agree to continue the partnership. This differs from a partnership at will, which is created for an unspecified duration and can be dissolved at any time by any partner. Ordinary partnerships and limited partnerships do not necessarily have a fixed duration.

A(n) ________ Is a Partnership Created for a Fixed Duration