Which of the following can result from the death of a general partner in a general partnership?

In a general partnership, the death of a general partner typically leads to the dissolution of the partnership. This is rooted in the nature of a general partnership, where partners are considered joint owners of the partnership. The personal relationship between general partners is crucial to the partnership's formation and operation. Thus, the death of one partner disrupts this fundamental relationship, making it difficult for the remaining partners to continue operating in the same capacity.

When such an event occurs, the law generally presumes that the partnership is dissolved unless there is an agreement in place that outlines alternative procedures for continuity. Many partnership agreements include buy-sell provisions or stipulations that may allow the partnership to continue if another partner takes over the deceased partner's share; however, without such provisions, the standard assumption is that the partnership dissolves upon the death of a general partner.

In contrast, the other choices present scenarios that do not align with the conventional legal framework for general partnerships. The partnership does not continue indefinitely by default due to a partner's death, and there is no automatic transfer of ownership to limited partners in a general partnership since ownership typically lies with the general partners. Additionally, tax advantages do not materialize immediately because of a partner's death, as tax implications are generally addressed through