a partnership is dissolved on the death of any of its directors according to south africa

true or false

1 answer

False. In South Africa, a partnership is not automatically dissolved by the death of a partner (which is often referred to as a director in some contexts). Instead, the specific terms regarding the continuation or dissolution of a partnership upon a partner's death can be outlined in the partnership agreement. If there is no such provision, the partnership may continue with the remaining partners, or the deceased partner’s estate may take on their share, depending on the circumstances and agreements in place. It's important to consult legal advice for specifics regarding partnerships and their governing agreements.