Business, 20.04.2020 23:55 dprajapati832000

Jack and Jill are equal partners in a bottled water distribution partnership. The partnership is specifically limited to an eighteen-month term. After twelve months, however, Jack withdraws from the partnership to start a new business elsewhere.
Jack's withdrawal:

a) invalid because a partnership cannot have more than three members.
b) invalid because corporations cannot be a partner in a partnership.
c) valid because partnerships generally require at least one corporation as a partner.
d) valid because corporations can be a partner in a partnership order to give Jack and Jill time to fully develop their business.

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Jack and Jill are equal partners in a bottled water distribution partnership. The partnership is spe...

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