Question

When a partner leaves the partnership, whether it be voluntary or by expulsion, death or bankruptcy, it is called

a. dissociation.
b. termination.
c. detachment.
d. separation.

Answer 1

When a partner leaves the partnership, whether it be voluntary or by expulsion, death or bankruptcy, it is called dissociation.

Step-by-step explanation:

When a partner leaves the partnership, whether it be voluntary or by expulsion, death or bankruptcy, it is called dissociation. Dissociation is the process of separating from a partnership and it can occur for various reasons. When a partner dissociates from a partnership, the partnership may continue with the remaining partners or it may be dissolved.