Asked by Suraksha Lamichhane on May 29, 2024

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Amos,Beverly,Carlos,and Dan were partners in a partnership in which the agreement states that the partnership will continue until 2010.Amos died in 2006.What vote of the remaining partners is necessary to continue operating the partnership business?

A) A simple majority vote
B) A two-thirds majority vote
C) A three-quarters majority vote
D) A unanimous vote

Partnership Agreement

A legal document that specifies the rights and obligations of partners within a business partnership.

Deceased Partner

A Deceased Partner is a member of a partnership who has passed away, raising considerations regarding the continuation or dissolution of the business under partnership laws.

Majority Vote

A decision-making process where more than half of the votes cast by members eligible to vote are needed to pass a resolution or make a decision.

  • Determine the circumstances that lead to the dissociation and dissolution of a partnership.
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ZK
Zybrea KnightJun 05, 2024
Final Answer :
D
Explanation :
For decisions in the ordinary course of winding up,the decision of a majority of the partners controls.When the decision is an extraordinary one,such as continuing the business for an extended period of time,unanimous partner approval is required.