Summary of Reasons for Rightful Dissolution of Partnership

Summary of Reasons for Rightful Dissolution of Partnership...

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Summary of Reasons for Rightful Dissolution of the Partnership 1. The term established in the partnership agreement expires 2. The partnership meets the established objective of the partnership 3. A partner withdraws from the partnership at will 4. A partner withdraws in accordance with the partnership agreement 5. A partner is expelled from the partnership in accordance with the partnership agreement 6. A partner dies 7. A partner is adjudicated bankrupt 8. The business of the partnership becomes illegal
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Unformatted text preview: 9. A partner is adjudicated insane 10. A partner becomes incapable of performing the duties as established by the partnership agreement 11. The business of the partnership can be carried on only at a loss of profits 12. The disagreement between the partners is such that it undermines the nature of the partnership 13. Other circumstances of the partnership necessitate the dissolution...
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This note was uploaded on 02/24/2011 for the course BLAW 3210 taught by Professor Grossman during the Spring '11 term at Cornell University (Engineering School).

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