Ch 11: The Nature of Partnership
2. Test of Partnership
3. Types of Partnership and Partners
3-1 Types of Partnership [R]
Query: Does partnership dissolves when a partner retires ?
Response: The partnership ends (technically dissolves) if one partner wants to leave, even if the others want to continue. After that, a new partnership can be formed with the remaining members who can then resume operations on their own.
4. Objective Based Q&A