(i) Temporary partnership/(/expiry of time / accomplishment of purpose /where the partnership was
formed for a definite time /for a particular purpose)hence the expiry of time / accomplishment of
purpose terminates the partnership
(ii) mutual /voluntary agreement among partners / where the partners agree among themselves(to
terminate the partnership) then they may have no alternative for whatever reason.
(iii) bankruptcy/ insanity of a partner where (a court declares) the value of one of the partner’s property
insufficient to settle his or her depts. /due to loss of contractual capacity.
(iv) change in law/ governmentt policy that makes the operation of the partnership illegal.
(v) permanent inabili9ty of a partner to perform /fulfill part of the partnership agreement either as a result
of diseases /ill health /incapacitation
(vi) internal dissension /disagreement among partners disagree irreconcilably then the partnership may be
terminated /continuously /perpetually
(vii) persistent losses in operation /where the business has continued to operate at a loss then it is
terminated hence making it difficult to meet its financial obligations
(viii) court orders (where the partnership was formed under) due to fraud /mistake /misrepresentation
/breach of law /partnership agreement court of law may order it dissolution.
(ix) request by one /some partners to dissolve the partnership hence having to abide by their wish /granting
their wish
(x) withdrawal /admission of a partner which changes the status of the partnership
(xi) death of a partner which alters the composition of a partnership /which may necessitate a new
agreement /arrangement
Githiari answered the question on September 23, 2017 at 10:13
- Describe five features of economic resources(Solved)
Describe five features of economic resources
Date posted: September 23, 2017. Answers (1)
- Explain the procedure for making an insurance claim.(Solved)
Explain the procedure for making an insurance claim.
Date posted: September 23, 2017. Answers (1)
- Explain the following types of inflation:
(i) demand-pull inflation
(ii) cost-push inflation
(iii) imported inflation
(iv) structural inflation.(Solved)
Explain the following types of inflation:
(i) demand-pull inflation
(ii) cost-push inflation
(iii) imported inflation
(iv) structural inflation.
Date posted: September 23, 2017. Answers (1)
- Outline four circumstances under which a co-operative society may be dissolved(Solved)
Outline four circumstances under which a co-operative society may be dissolved
Date posted: September 23, 2017. Answers (1)
- State three features of an insurable interest(Solved)
State three features of an insurable interest
Date posted: September 23, 2017. Answers (1)
- Outline four factors that should be considered before buying office equipment.(Solved)
Outline four factors that should be considered before buying office equipment.
Date posted: September 23, 2017. Answers (1)
- Highlight four ways in which a business idea can be implemented(Solved)
Highlight four ways in which a business idea can be implemented
Date posted: September 23, 2017. Answers (1)
- State four circumstances under which one may decide to start a personal business(Solved)
State four circumstances under which one may decide to start a personal business
Date posted: September 23, 2017. Answers (1)
- State four problems associated with development planning(Solved)
State four problems associated with development planning
Date posted: September 23, 2017. Answers (1)
- Outline the difference between cash and credit transactions(Solved)
Outline the difference between cash and credit transactions
Date posted: September 23, 2017. Answers (1)
- State four factors that may influence the level of national income(Solved)
State four factors that may influence the level of national income
Date posted: September 23, 2017. Answers (1)
- Outline four differences between insurance and assurance(Solved)
Outline four differences between insurance and assurance
Date posted: September 23, 2017. Answers (1)
- State four reasons why the government should create an enabling environment for investors.(Solved)
State four reasons why the government should create an enabling environment for investors.
Date posted: September 23, 2017. Answers (1)
- Give two reasons why a three column cashbook is used both as a journal and a ledger(Solved)
Give two reasons why a three column cashbook is used both as a journal and a ledger
Date posted: September 23, 2017. Answers (1)
- Name the types of warehouses associated with each of the statements given below: (4 marks)Statement ...(Solved)
Name the types of warehouses associated with each of the statements given below:
Statement----------------Type of warehouse
(i) Goods can be stored before payment of customs duty.
(ii) Individuals can hire storage facilities.
(iii) Goods are stored from several manufacturers.
(iv) Specialised goods are stored
Date posted: September 23, 2017. Answers (1)
- Give five reasons why the government may find it necessary to start a parastatal(Solved)
Give five reasons why the government may find it necessary to start a parastatal
Date posted: September 23, 2017. Answers (1)
- In the spaces provided below, indicate the type of utility created by each of the following commercial
activities
Commercial activity ...(Solved)
In the spaces provided below, indicate the type of utility created by each of the following commercial
activities
Commercial activity Type of utility
(i) Selling goods to customers; ..........................................................
(ii) Transporting goods; .........................................................
(iii) Storekeeping; .........................................................
(iv) Making a chair. ........................................................
Date posted: September 23, 2017. Answers (1)
- Explain five demerits that may be associated with water transport(Solved)
Explain five demerits that may be associated with water transport
Date posted: September 23, 2017. Answers (1)
- Explain five measures that the government may take to improve the volume of exports(Solved)
Explain five measures that the government may take to improve the volume of exports
Date posted: September 23, 2017. Answers (1)
- Outline four benefits that accrue to the government as a result of privatization of public enterprises(Solved)
Outline four benefits that accrue to the government as a result of privatization of public enterprises
Date posted: September 23, 2017. Answers (1)