The change in the relation of the partners caused by any ceasing to be

The change in the relation of the partners caused by

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27. The change in the relation of the partners caused by any ceasing to be associated in the carrying on the business is known as: a. termination of the partnership. b. winding up of partnership affairs. c. liquidation of the partnership business. d. dissolution of the partnership. answer: d28. A decree by the court is necessary to dissolve a general partnership based on three of the following grounds.Which one will not require such decree but will cause the automatic dissolution of the partnership?
29. Three of the following will cause the automatic dissolution of a general partnership, Which one will not? 30. When is the partnership not bound by the act/ s of a partner after dissolution in the following cases?
31. The partnership is not bound in three of the following acts of a partner after dissolution. However, it is bound in one. Which is it? a. Where the partner acting is insolvent. b. When it is unlawful to carry on the business. c. When the partner has no authority to wind up partnership affairs and the third person is a previous creditor who had no knowledge of the partner's lack of authority. d. When a partner has no authority to wind up partnership affairs and the third person is a new creditor who has not read the publication of the lack of authority of the partner in a newspaper of general circulation in the place or places where the partnership business is carried on. answer: c

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