Asked by
kavya patel
on Nov 21, 2024
Verified
As part of the partnership agreement that Malik and Veronica make with their limited partners, Malik insists on and Veronica and the limited partners agrees to a(n) ________ that allows the continuing partners to keep partnership property and carry on the partnership business?
A) continuation agreement
B) property agreement
C) fulfillment agreement
D) carry over agreement
E) extenuating agreement
Continuation Agreement
An agreement to extend the terms of a contract or arrangement beyond its original expiration date, often with some modifications.
Partnership Agreement
A contract between partners in a business that outlines the terms of the partnership, including contributions, management, and profit distribution.
- Acquire an understanding of the legal and conceptual basis for ending partnerships.
Verified Answer
JK
Learning Objectives
- Acquire an understanding of the legal and conceptual basis for ending partnerships.