Law on Partnership

1. What is the difference between dissolution and termination of partnership? Explain

2. Give at least 2 instances when a dissolution took effect without violating a partnership agreement? Explain each.

3. Give at least 2 grounds for dissolution by decree of a court. Explain each ground

4. Give at least 2 cases wherein a partner can still bind the partnership even after dissolution.

5. What do we mean by estoppel after dissolution?

6. What is the effect of dissolution on partners liability?

7. Give at least 3 powers of a liquidation partner and explain each power.

8. What is the process of distributing the assets of a dissolved partnership?

9. What do we mean by liability of the estate of a deceased partner?

10. When is liquidation not required? Explain