Adam, Stanley, and Rosalind formed a partnership in State X to distribute beer and wine. Their agreement
Question:
Adam, Stanley, and Rosalind formed a partnership in State X to distribute beer and wine. Their agreement provided that the partnership would continue until December 31, 2019. Which of the following events would cause the partnership to dissolve? If so, when would the partnership be dissolved?
a. Rosalind assigns her interest in the partnership to Mary on April 1, 2017.
b. Stanley dies on June 1, 2019.
c. Adam withdraws from the partnership on September 15, 2018.
d. A creditor of Stanley obtains a charging order against Stanley’s interest on October 9, 2016.
e. In 2017, the legislature of State X enacts a statute making the sale or distribution of alcoholic beverages illegal.
f. Stanley has a formal accounting of partnership affairs on September 19, 2018.
Step by Step Answer:
Business Law And The Regulation Of Business
ISBN: 9781305509559
12th Edition
Authors: Richard A. Mann, Barry S. Roberts