What happens to the developer's license if the former partner goes bankrupt?

The correct choice reflects that the developer's license remains unaffected by the bankruptcy of a former partner. In the context of timeshare development and licensure, the financial status of individual partners does not automatically influence the standing of the business's license as a whole.

Licenses are typically tied to the business entity rather than to individual partners. Therefore, even if one partner faces bankruptcy, the entity itself can maintain its legal operations and licenses, provided that the business remains compliant with licensing regulations and maintains its financial integrity. This means the ability to conduct business and maintain the license continues unless there are other specific actions taken that directly affect the business's legal status.

This understanding is vital for developers and investors, as it highlights the separation of individual liabilities from the business's operational status, ensuring continuity in timeshare development activities despite financial challenges faced by partners.