Which of the following is considered a partnership termination? (1) over 50% of

Question

Which of the following is considered a partnership termination? (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. (2) All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. (3) over 50% of its operations are discontinued, and less than 50% of the business, financial operation, we’re venture is continued by any of its partners in a partnership. (4) all of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership. Which of the following is considered a partnership termination? (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. (2) All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. (3) over 50% of its operations are discontinued, and less than 50% of the business, financial operation, we’re venture is continued by any of its partners in a partnership. (4) all of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership. (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is continued by any of its partners in a partnership. (2) All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. (3) over 50% of its operations are discontinued, and less than 50% of the business, financial operation, we’re venture is continued by any of its partners in a partnership. (4) all of its operations are discontinued, and less than 50% of the business, financial operation, or venture is continued by any of its partners in a partnership.

Explanation / Answer

All of it’s operations are discontinued, and no part of any business, Financial operation, or venture is continued by any of its partners in a partnership. Option 2 is correct

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