Dissolution of a partnership can occur under the limited life characteristic if a partner:

A) dies.
B) becomes incapacitated.
C) goes bankrupt.
D) All of the above are correct.

Limited Life

Partnership is dissolved by admission, withdrawal, or death of a partner. Although the partnership is dissolved, the operations of the business can continue.

Bankrupt

The legal status of a person or entity that cannot repay the debts it owes to creditors, leading to legal intervention for asset distribution.