{"id":59545,"date":"2024-04-16T01:39:08","date_gmt":"2024-04-16T01:39:08","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=59545"},"modified":"2024-04-16T01:39:08","modified_gmt":"2024-04-16T01:39:08","slug":"a-partnership-agreement-comes-to-an-end","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-partnership-agreement-comes-to-an-end\/","title":{"rendered":"A partnership agreement comes to an end"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;When a partner takes leave from the firm&#8221; option2=&#8221;On a death of a partner&#8221; option3=&#8221;On a partner becoming insolvent&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>D. All of the above<\/strong><\/p>\n<p>A partnership agreement can come to an end in a number of ways, including:<\/p>\n<ul>\n<li>When a partner takes leave from the firm. This can happen for a number of reasons, such as retirement, relocation, or a change in career.<\/li>\n<li>On the death of a partner. When a partner dies, their share in the partnership is usually passed on to their estate. The remaining partners can then decide whether to continue the partnership or dissolve it.<\/li>\n<li>On a partner becoming insolvent. If a partner becomes insolvent, they are unable to pay their debts. This can happen for a number of reasons, such as business failure or personal illness. If a partner becomes insolvent, the partnership may be dissolved.<\/li>\n<\/ul>\n<p>It is important to note that the terms of a partnership agreement can vary, so it is always best to consult with an attorney to understand how your particular agreement may be affected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;When a partner takes leave from the firm&#8221; option2=&#8221;On a death of a partner&#8221; option3=&#8221;On a partner becoming insolvent&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-59545","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A partnership agreement comes to an end<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-partnership-agreement-comes-to-an-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A partnership agreement comes to an end\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;When a partner takes leave from the firm&#8221; 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