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WAEC Commerce 2016 Question 26

Question 26

Business Units

A partnership is dissolved due to

  1. A.liquidity of the firm.
  2. B.death of an employee.
  3. C.insanity of a partner.
  4. D.resignation of an employee.
Show the answer and explanation

Answer: C (insanity of a partner.)

Explanation

Death, bankruptcy or insanity of a partner can end a partnership.