If Alpha partnership has 8 partners who have entered into a binding buy/sell agreement that requires the partnership to purchase the interest of any partner to die. The number of policies that are required to satisfy this arrangement is: 8 policies or one for each of the partner.
Partnership can be defined as a business that involve two parties or two or more people in which the parties involve in the business must tend to agree to the terms and condition of the contract and they must as well share the profit and loss generated from the business equally.
Assuming Alpha partnership has 8 partners who have entered into a binding buy/sell agreement which requires the partnership to purchase the interest of any partner to die the number of policies that are required to satisfy this arrangement is 8 policies, or one for each of the partner, are required at the entity level.
Therefore 8 policies is the number of policies required.
Learn more about partnership here:https://brainly.com/question/25012970
#SPJ1
