Question

State two circumstances by which a partnership firm may
reconsstituted.
​

Answer 1

Answer:

A two-person partnership can be reconstituted. This may occur where a partner dies, and the partnership agreement allows for continuity of the partnership with the executor, trustee or beneficiary of the deceased partner's estate. Procedures for the continued use of the partnership's TFN

Explanation:

Answer 2

Answer:

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