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Jack and Kyle are the only general partners of Foreign Auto Repair, a limited partnership. Jack dies in a sudden accident. Kyle wishes to continue the business of the firm and to continue as a general partner. Jack’s death results in
a. continuation of the firm, after a distribution of the assets.
b. continuation of the firm, as a general partnership.
c. continuation of the firm, if all the partners consent.
d. none of the above.
a. continuation of the firm, after a distribution of the assets.
b. continuation of the firm, as a general partnership.
c. continuation of the firm, if all the partners consent.
d. none of the above.
c. continuation of the firm, if all the partners consent.
Begründung:
Death, retirement etc. CAN dissolve partnership, BUT not if business can be continued by one/more general partner IN ACCORDANCE with their Certificate of LP OR by consent of all members,
Begründung:
Death, retirement etc. CAN dissolve partnership, BUT not if business can be continued by one/more general partner IN ACCORDANCE with their Certificate of LP OR by consent of all members,
Tags: Dissolution of LP
Quelle: p. 130, 1. Absatz nach Überschrift
Quelle: p. 130, 1. Absatz nach Überschrift
Karteninfo:
Autor: Elisa
Oberthema: Law
Thema: International Law
Schule / Uni: Hanze Hogeschool
Ort: Groningen
Veröffentlicht: 14.02.2010