Absent any contrary provisions in the agreement, under which of the following circumstances will a limited partnership be dissolved?

A. A limited partner dies and his or her estate is insolvent.
B. A personal creditor of a general partner obtains a judgment against the general partner's interest in the limited partnership.
C. A general partner retires and all the remaining general partners do not consent to continue.
D. A limited partner assigns his or her partnership interest to an outsider and the purchaser becomes a substituted limited partner.

Answer: C. A general partner retires and all the remaining general partners do not consent to continue.

Business

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