020unicorporated is . %20,1%20 Park and Graham entered into a written partnership agreement to operate a retail store. Their agreement w silent as to the duration of the partnership. Park wishes to dissolve the partnership. Which of the following statements is correct? 10.088 a. Park may dissolve the partnership at any time b. Unless Graham consents to a dissolution, Park must apply to a court and obtain a decree ordering the dissolution. c. Park may not dissolve the partnership unless Graham consents. d. Park may dissolve the partnership only after notice of the proposed dissolution is given to all partnershi creditors 10.089 The partners of College Assoc., a general partnership, decided to dissolve the partnership and agreed that none of the partners would continue to use the partnership name. Under the Uniform Partnership Act of the following events will occur on dissolution of the partnership? Each partner's existing liability Each partner's apparent authority would be discharged ould continue Yes Yes No No a. Yes No Yes No b. d. Items 10.090 and 10.091 are based on the following. Downs, Frey, and Vick formed the DFV general partner partners agreed Downs would receive 40% of any partnership profits and Frey and Vick would each receive 30% of such profits. It was also agreed that the partnership would not terminate for five years. After the fou year, the partners agreed to terminate the partnership. At that time, the partners' capital accounts were as follows: Downs, $20,000, Frey, 515,000; and Vick, S$10,000. There also were undistributed losses of $30,0 ship to act as manufacturers' representatives. The 10.090 Which of the following statements about the form of the DFV partnership agreement is correct? a. It must be in writing because the partnership was to last for longer than one year b. It must be in writing because partnership profits would not be equally divided c. It could be oral because the partners had explicitly agreed to do business together d. It could be oral because the partnership did not deal in real estate. 10.091 Vick's share of the undistributed losses will be a. 50