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Georgia is a partner in Johnson Associates, a partnership. The term of the partnership agreement is two years and the agreement does not include any
Georgia is a partner in Johnson Associates, a partnership. The term of the partnership agreement is two years and the agreement does not include any clause on buyouts. After the term expires, Georgia decides to dissociate and the remaining partners wish to continue. Under the RUPA Multiple Choice the remaining partners must wind up and terminate the partnership. they must buy out Georgia's interest on Georgia's demand for payment. they automatically must, within 90 days, pay in cash to the partner the partnership's estimate of the buyout price, plus interest. they can renew their partnership agreement
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