Respuesta :
Derek is a partner in wolf market. in most states, derek's death will dissolve the partnership.
What is a partnership?
A partnership is a legal agreement between two or more person for a common objective to earn profit. There are basically three main categories of partnership: general partnership, limited partnership, and limited liability partnership.
Dissolution of Partnership :
The dissolution of a partnership means a change of business connection between partners whereas the dissolution of a establishment means dissolving of the establishment along with the relation between partners. In this case, all the means and arrears are settled and correctly inclined.
How is a partnership dissolved?
A partnership is accounted dissolved if there's an modification in the business connection between the partners. There are multiple ways to dissolve a partnership, including when one mate provides notice for exiting a partnership or one partner is unqualified to continue in his function as a partner due to psychological health or misconduct.
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