Connect with a knowledgeable community and get your questions answered on IDNLearn.com. Our experts are ready to provide prompt and detailed answers to any questions you may have.
Answer: the termination of the firm's legal existence
Explanation:
The options to the question are:
a. the termination of the firm's legal existence.
b. the temporary suspension of the firm's business.
c. the continuation of the firm's business.
d. nothing with respect to the firm's existence
From the information given in the question, the partners decide to dissolve the firm and Olin collects and distributes the assets. Based on these reasons, this will results in the termination of the legal existence of the firm.