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Ferdinand is a partner in a general partnership. The partnership agreement requires the partnership to last for three years, but Ferdinand wants out early. The

Ferdinand is a partner in a general partnership. The partnership agreement requires the partnership to last for three years, but Ferdinand wants out early. The other three partners want to stay in business. Which of the following is true?
Because the partnership is to last for three years, Ferdinand cannot dissociate from the partnership.
If Ferdinand dissociates from the partnership, it also causes the dissolution of the partnership.
If Ferdinand dissociates from the partnership, the partnership must buy out his interest.
Ferdinand has an absolute right to dissociate from the partnership without consequence.

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