86. The following rights of partner who has not caused dissolutionwrongfully, except:a. To have the partnership property applied to discharge the liabilities of thepartnership.b. To have the suplus, if any, applied to pay in cash the net amount owing to therespective partners.c. To continue the business in the same name either by themselves or jointly withO others during the agreed term of the partnership and for that purpose may possessthe partnership property.d. To be indemnified for damages caused by the partner who did not caused thedissolution wrongfully.

A partnership business form involves two individuals or more that collaborate with each other…

Answered: 86. The following rights of partner who…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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86. The following rights of partner who has not caused dissolution wrongfully, except: