Case 2. The following questions relate to issues faced by partnerships. 1. The text suggests that a
Question:
Case 2. The following questions relate to issues faced by partnerships. 1. The text suggests that a written partnership agreement should be drawn up between the partners in a partnership. One benefit of an agreement is that it provides a mechanism for resolving disputes between the partners. List five areas of dispute that might be resolved by a partnership agreement. 2. The statement has been made that "if you must take on a partner, make sure the partner is richer than you are." Why is this statement valid? 3. Corwin & Corwin is a law partnership. Natalie Corwin is planning to retire from the part- nership and move to Israel. What options are available to Corwin to enable her to convert her share of the partnership assets to cash?
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