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Exit VCEDump BUSINESS-ENVIRONMENT-AND-CONCEPTS Certified Public Accountant (Business Environment amd Concepts)

Q8 Single choice

Doug was the sole general partner in Heavy Foot, Limited Partnership. While driving to work one morning, Doug died in a car accident. The limited partnership:

A
Continues to exist as it was before Doug's death.
B
Dissolves by operation of law as a result of Doug's death.
C
Dissolves only by attaining a judicial decree.
D
Converts to a general partnership and all former limited partners become general partners.

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