BUSSINESS LAW II

1.What is the difference between dissolution, winding-up and termination?

2.When a partnership is actually dissolved, is the partnership still allowed to continue its business operations?

3.Is the technical dissolution of a partnership need to be recorded before the Securities and Exchange Commission like actual dissolution of a partnership?

4.Can a creditor of a partnership file involuntary dissolution of a partnership before a court of competent jurisdiction?

5.If the partners cannot agree among themselves in liquidating the assets and liabilities of the dissolved partnership, who should be the liquidator of the dissolved partnership?

6.If the partners cannot agree who should be the liquidator of the dissolved partnership, who should designate the liquidator?