Multiple Choice
The partnership dissolves when a partner leaves.This characteristic is called:
A) mutual agency.
B) limited life.
C) limited liability.
D) unlimited life.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q103: Mary sold Jill her equity in the
Q104: The net income earned by the Cooper,Cross,and
Q105: Mary and Jeff entered into a partnership
Q106: Cory,Brooke,and Amy share profits and losses in
Q107: Partners Brian,Josh,and Chad have average capital balances
Q109: Dows and Sands' partnership capital balances are
Q110: David and Daniel formed a partnership.David invested
Q111: The income/loss agreement was ignored when closing
Q112: Kate and Joe formed a partnership in
Q125: Indicate the account(s) to be debited and