David, Richard, and Anthony are partners in a law firm under a typical partnership agreement in which each owns an equal share of the business. Richard dies suddenly of a heart attack. What will most likely become of the partnership?

Partnership will most likely be dissolved

Explanation:

Partnership agreement is a type of business agreement with two or more person who come together for business for the sole aim of profit making.It is guided by a set of rules called partnership deeds.

At the death of a partner , the partnership needs to be dissolved  even if it has to be reformed after making adjustments as the situation may require.

The share of the deceased partner will be transferred to the rightful beneficiary who might be considered for a new partnership agreement if interested.

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