George, Burton, and Dillman have been partners for three years. The partnership is dissolving. George is leaving
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George, Burton, and Dillman have been partners for three years. The partnership is dissolving. George is leaving the firm while Burton and Dillman plan to carry on the business. In the final settlement, George places a \(\$ 75,000\) salary claim against the partnership. His contention is that since he devoted all of his time for three years to the affairs of the partnership, he has a claim for a salary of \(\$ 25,000\) for each year. Is his claim valid? Why?
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