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26.3_cj

QuestionAnswer
Joint venture partnership formed by two or more persons or firms combining resources and skills for one complex project
Dissolution change in partnership relationship due to a partner ceasing his association with its ongoing purpose; also, term for divorce or the ending of marriage in some states
Winding-up period following dissolution in which the ongoing business of the partnership is concluded, its obligations are satisfied, and each partner's share is distributed
Termination following the winding- up process, the ending of the legal existence of the partnership
Partnership at will partnership in which a partner may withdraw at any time without liability to other partners
Tenancy in partnership form of co-ownership by which the partners hold partnership property
Created by: Chanse.j_
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