Dissolution in Partnerships

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WellPositionedSkunk6882
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10 Questions

True or false: Judicial dissolution is covered under nos. 1 to 7 of the above-stated article?

False

True or false: Judicial dissolution is covered under no. 8 of the above-stated article in relation to Article 1831 of the New Civil Code?

True

True or false: Dissolution by termination of the definite term or particular undertaking is a form of extrajudicial dissolution?

True

True or false: Partnership with a fixed term exists until the purpose is accomplished?

False

True or false: Partnership at will is based on the mutual desire and consent of the partners?

True

Extrajudicial dissolution is governed by nos. 1 to 7 of the above-stated article.

agreement

Judicial dissolution is governed by no. 8 of the above-stated article in relation to Article 1831 of the New Civil Code.

termination

Partnership with a fixed term exists until the purpose is accomplished.

undertaking

Partnership for a particular undertaking will exist until the purpose is accomplished.

express

Partnership at will is based on the mutual desire and consent of the partners.

good faith

Test your knowledge on different kinds of dissolution in the context of partnerships. This quiz covers topics such as extrajudicial dissolution, judicial dissolution, and termination of definite term or particular undertaking. Prepare yourself by understanding the various aspects of dissolution in partnerships.

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