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Arash, Spencer and Marz are partners in a partnership at will. The partnership has a three-year lease with Taylor Properties, LLC. Although there is one
Arash, Spencer and Marz are partners in a partnership at will. The partnership has a three-year lease with Taylor Properties, LLC. Although there is one year left on the lease, Arash dissociates from the partnership. Under these circumstances: Arash is liable on the lease only up to the time that he dissociated from the partnership; he has no continuing liability Arish is not liable on the lease; his dissociation from the partnership caused a novation which relives him from any obligation Arash remains liable on the lease although he is no longer a partner. Arash remains liable on the lease because he ratified its renewal
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