Partnerships at will are not dissolved when a partner
Blank
______ or enters bankruptcy.

BlackTom题目解析

Question

Partnerships at will are not dissolved when a partner 
Blank
______ or enters bankruptcy.

BlackTom题目解析

BlackTom AI · Accepted Answer

The question presents a fill-in-the-blank about partnerships at will and when they are dissolved. 
Option 1: dies. This choice correctly completes the idea that a partnership at will is dissolved when a partner dies. In many partnership structures, the death of a partner ends the partnership as it originally existed, unless an agreement provides otherwise. The statement, with dies filled in, reflects the standard rule that death triggers dissolution of a partnership at will. 
Option 2: communicates termination. Merely communicating termination does not automatically dissolve a partnership at will. Depending on the partnership agreement and governing law, a partner signaling termination might lead to winding down or renegotiation, but it is not itself the universal trigger for dissolution in the same way that death or bankruptcy often is. This makes the option misleading as a general rule. 
Option 3: notifies intent to terminate. Similar to option 2, simply notifying intent to terminate does not automatically dissolve an at-will partnership. The dissolution would more typically result from an actual termination event or an explicit agreement, rather than the act of notifying intent alone. This option misconstrues the procedural step as the dissolution trigger. 
To summarize the distinctions: options 2 and 3 describe actions that may influence ongoing operations but do not universally compel dissolution; option 1 aligns with the standard understanding that the death of a partner ends a partnership at will unless an alternative arrangement is in place. The statement as a whole becomes coherent when dies is used to indicate dissolution upon the partner’s death, which is the conventional outcome for at-will partnerships under typical terms.

Partnerships at will are not dissolved when a partner Blank ______ or enters bankruptcy. BlackTom题目解析

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Partnerships at will are not dissolved when a partner Blank ______ or enters bankruptcy. BlackTom题目解析

查看解析

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类似问题

Partnership law in Australia is regulated by:

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Under the RUPA, it is always possible for a partner to leave a firm when they want to. (Answer yes or no, and please explain.) BlackTom题目解析

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希望你的学习变得更简单

Under the Blank , a partner has a nontransferable interest in Blank . BlackTom题目解析