30. Park and Graham entered into a written partnership agreement to operate a retail store. Their agreement was silent as to the duration of the partnership. Park wishes to dissolve the partnership. Which of the following statements is correct? 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 partnership creditors. 31. Ted Fein, a partner in the ABC Partnership, wishes to withdraw from the partnership and sell his interest to Gold. All of the other partners in ABC have agreed to admit Gold as a partner and to hold Fein harmless for the past, present, and future liabilities of ABC. A provision in the original partnership agreement states that the partnership will continue upon the death or withdrawal of one or more of the partners. The agreement to hold Fein harmless for all past, present, and future liabilities of ABC will a. Prevent partnership creditors from holding Fein personally liable only as to those liabilities of ABC existing at the time of Fein's withdrawal. b. Prevent partnership creditors from holding Fein personally liable for the past, present, and future liabilities of ABC. c. Not affect the rights of partnership creditors to hold Fein personally liable for those liabilities of ABC existing at the time of his withdrawal. d. Permit Fein to recover from the other partners only amounts he has paid in excess of his proportionate share 32. Lark, a partner in DSJ, a general partnership, wishes to withdraw from the partnership and sell Lark's interest to Ward. All of the other partners in DSJ have agreed to admit Ward as a partner and to hold Lark harmless for the past, present, and future liabilities of DSJ. As a result of Lark's withdrawal and Ward's admission to the partnership, Ward a. Acquired only the right to receive Ward's share of DSJ profits. b. Has the right to participate in DSJ's management. c. Is personally liable for partnership liabilities arising before and after being admitted as a partner d. Must contribute cash or property to DSJ to be admitted with the same rights as the other partners