Asked by
alexandra fuller
on Nov 30, 2024
Verified
Upon dissolution of a partnership, all authority of a partner to act on behalf of the partnership terminates.
Dissolution
The process of officially ending the existence of a legal entity such as a corporation or partnership.
Authority of a Partner
The power granted to a partner in a partnership to act on behalf of the partnership and legally bind the business in contracts and agreements.
- Familiarize oneself with the processes related to the dissolution, liquidation, and ending of a partnership.
Verified Answer
TS
Learning Objectives
- Familiarize oneself with the processes related to the dissolution, liquidation, and ending of a partnership.
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