Business Association -- UPA and RUPA
Posted: Wed Sep 11, 2013 7:05 pm
I am working on a string of hypos for BA. We are doing general partnerships and dissolution/dissociation.
Can someone help me with this? I don't know what to do with D in particular.
Hypo:
A, B, C and D are partners in a general partnership. The partners have agreed to a partnership term of 10 years. In year 5, A withdraws by giving notice to the other partners. B and C want to continue the partnership business; D does not.
i) Under the UPA, can B and C continue the partnership? If so, on what conditions? If not, what is the result?
ii) Under the RUPA, can B and C continue partnership? If so, on what conditions? If not, what is the result?
Can someone help me with this? I don't know what to do with D in particular.
Hypo:
A, B, C and D are partners in a general partnership. The partners have agreed to a partnership term of 10 years. In year 5, A withdraws by giving notice to the other partners. B and C want to continue the partnership business; D does not.
i) Under the UPA, can B and C continue the partnership? If so, on what conditions? If not, what is the result?
ii) Under the RUPA, can B and C continue partnership? If so, on what conditions? If not, what is the result?