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SS1: COMMERCE - 2ND TERM

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  1. Modern Trends in Retail Business | Week 1
    2 Topics
    |
    1 Quiz
  2. The Wholesaler | Week 2
    5 Topics
    |
    1 Quiz
  3. Warehouse | Week 3
    3 Topics
    |
    1 Quiz
  4. Foreign Trade (International) | Week 4
    6 Topics
    |
    2 Quizzes
  5. Tariffs & Reasons for The Imposition of Tariffs | Week 5
    5 Topics
    |
    1 Quiz
  6. Functions of Customs & Exercise | Week 6
    4 Topics
    |
    2 Quizzes
  7. Commodity Exchange | Week 7
    7 Topics
  8. Sole Proprietorship | Week 8
    2 Topics
    |
    1 Quiz
  9. Partnership | Week 9
    5 Topics
    |
    6 Quizzes
  10. Money | Week 10
    3 Topics
    |
    2 Quizzes



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Lesson 9, Topic 5
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Dissolution of a Partnership

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Some of the following can lead to the termination or dissolution of a partnership:-

  1. The partners can reach an agreement to dissolve a partnership business.
  2. If a partnership becomes illegal, it may be dissolved.
  3. Breach of agreement by partners may lead to a court case which may lead to dissolution.
  4. The government may order the court to dissolve the business.
  5. If the objective of the business is accomplished, the business can be dissolved on completion of the project.

Evaluation Questions

  1. Define partnership.

2. (a) List types of partnerships (b) describe three kinds of partners.

3. List sources of capital of a partnership

4. List four conditions in order which partnership may be dissolved.

5. With not less than five points differentiate partnership from sole proprietorship.

6. (a) Adama and Awa have teamed up to form a partnership business. Explain five benefits they are likely to derive

(b) State five provisions in the partnership Deed (WASSCE June, 2004).

Responses

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