The change in the relationship of partners in a partnership caused by any partner ceasing to be associated in the carrying on of the business is known as ________.

Question

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The change in the relationship of partners caused by any partner ceasing to be associated in the carrying on of the business is known as dissolution. This means that the partnership is coming to an end, and the assets will need to be distributed among the partners. Options A and B relate to specific remedies or actions that can be taken in the case of a partnership dispute or wrongdoing, while option C is the process of winding up the partnership's affairs after it has been dissolved.

The Change in the Relationship of Partners in a Partnership