QUESTION 27 A General Partnership is dissolved upon the death of any of the partners.( ) True False
Partnership Accounting
A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings, admission of a new partner, etc.
Partner Admission and Withdrawal
A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings of a partner, etc.
Q30
![QUESTION 27
A General Partnership is dissolved upon the death of any of the partners. ( )
True
False
QUESTION 28
In Limited Partnerships, all partners must be UAE nationals. ( )
Ⓒ True
False
QUESTION 29
Marketing agents of a company is an example of special agency. ( )
True
False
QUESTION 30
If a stockbroker sells the shares of the principal at a price lower than that which the principal ordered, the stockbroker would be in breach of:
a Fiduciary duty
Ob. Duty of care
Oc. Duty to perform acts personally
d. Duty of obedience](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b5b5470-d05f-4111-879b-7c0caab2455c%2Fe51241e7-0f6b-47c0-adf2-efdf852cf140%2Fo3xq0gn_processed.jpeg&w=3840&q=75)
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