Whiteside is a partner in High Flyer Partners, a general partnership. The partnership agreement for High Flyer
Question:
Whiteside is a partner in High Flyer Partners, a general partnership. The partnership agreement for High Flyer restricts the parties from leaving the partnership for one full year. Six months after Whiteside signs the agreement, he notifies his partners that he is dissociating. Under the RUPA, what is the impact of Whiteside’s dissociation on High Flyer Partners?
a. The partnership is dissolved via operation of law.
b. The partnership may be dissolved by express agreement of the remaining partners.
c. There is no impact on continuation of the partnership.
d. The remaining partners are now jointly and severally liable.
e. Whiteside is now classified as a limited partner.
Step by Step Answer:
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol