Once the assets of a partnership have been distributed, ____ of the partnership occurs automatically.

Multiple Choice

• liquidation.

• evaporation.

• dissolution.

  Incorrect

• capitalization.

• termination.

Which of the following is a nonwrongful dissociation?

Multiple Choice

• Withdrawal of a partner that disregards an express provision in the partnership agreement.

  Incorrect

• Withdrawal of a partner at any time from a partnership at will.

• Withdrawal of a partner before the end of the partnerships term.

• A partners filing a bankruptcy petition or being a debtor in bankruptcy.