A limited partnership name "A, B and C Co. Ltd." Was formed on October 25, 2016 by A as general partner and B and C as limited partners. In 2017, A and B got married. Did the marriage dissolve or put an end to the partnership? A. Yes, the partnership is dissolved by the marriage because there is
A limited partnership name "A, B and C Co. Ltd." Was formed on October 25, 2016 by A as general partner and B and C as limited partners. In 2017, A and B got married. Did the marriage dissolve or put an end to the partnership? A. Yes, the partnership is dissolved by the marriage because there is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A limited partnership name "A, B and C Co. Ltd." Was formed on October
25, 2016 by A as general partner and B and C as limited partners. In 2017,
A and B got married. Did the marriage dissolve or put an end to the
partnership?
A. Yes, the partnership is dissolved by the marriage because there is a change in
equity among the partners
B. Yes, because spouses cannot enter into a particular partnership or be thereof
C. No, the marriage did not dissolve the partnership
D. No, because spouses can enter into a universal partnership
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