Answered

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Olin is a partner in Precision Plumbing. When the partners decide to dissolve the firm, Olin collects and distributes the assets. This results in

Sagot :

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.

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