Asked by
Farah Izzati
on Nov 30, 2024
Verified
Rose, Lily, and Thorne are partners in a florist shop. If Thorne engages in conduct that makes it not reasonably practicable to carry on the business, the partnership is dissolved by operation of law.
Not Reasonably Practicable
A legal standard indicating something cannot be done in a feasible manner under the circumstances.
Operation of Law
A legal term that indicates a right or liability is created or extinguished automatically due to existing laws, rather than by the act of a party.
- Become familiar with the actions involved in ending, settling, and terminating a partnership.
Verified Answer
LT
Learning Objectives
- Become familiar with the actions involved in ending, settling, and terminating a partnership.
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