Identify the law (the legal rule from a court decision, the section of the Act, or the paragraph of your agreement) that applies to each question. Then apply the law (either partnership agreement or partnership act) to the facts you have created with your partnership agreement to reach a conclusion. For each question, you should provide the answer to the question based on the , and where that answer is found in your agreement.

7. What if the first partner wants out of the partnership, and wishes to sell his/her interest to the third partner alone?

8. What does the first partner have to do to ensure that he/she is no longer liable for the firm debts after leaving the partnership (as in question 7)?