ACCA LW Eng Syllabus D. The Formation And Constitution Of Business Organisations - Explain The Termination Of A Partnership - Notes 5 / 5
Standard partnerships can be terminated in the following ways
Expiry of a fixed period
Completion of the express purpose for which the partnership was formed
Activity of the partnership becomes illegal
Partner gives notice to leave
Death or bankruptcy of a partner
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Syllabus D. The Formation And Constitution Of Business Organisations
D2. Partnerships
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Syllabus D. The Formation And Constitution Of Business Organisations
D3. Corporations And Legal Personality