Multiple Choice
If the partners in a limited duration partnership continue to conduct business together after the expiry of the duration, the partnership will:
A) automatically dissolve.
B) be a 'partnership at will'.
C) have perpetual succession.
D) be wound up by a court.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: The most common reason for business failure
Q42: A voluntary winding up of a company
Q43: Which of the following is not one
Q44: The bankruptcy process is initiated by means
Q45: An administrator investigates the company's circumstances and
Q47: The process of liquidating a company involuntarily
Q48: A receiver:<br>A)oversees the winding up of a
Q49: An alternative to liquidation is:<br>A)a Part X
Q50: Which of the following documents need not
Q51: A document prepared by a creditor that