Multiple Choice
Abby,Adam,and Arnold are partners.They have planned to continue the partnership even after the death of any one partner.To this end,the partners have:
A) stipulated in their wills that their share of the partnership is bequeathed to the other two partners.
B) purchased life insurance policies naming the other two partners as beneficiaries.
C) created trust funds that can be used to pay off the heirs of the deceased partner.
D) secretly signed documents to be opened only after the death that the deceased partner relinquishes all claims to the partnership.
Correct Answer:
Verified
Correct Answer:
Verified
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