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Paul is the managing partner in XYZ partnership engaged in the importation of musical instruments. Anticipating the weakening of the peso against the US dollar
Paul is the managing partner in XYZ partnership engaged in the importation of musical instruments. Anticipating the weakening of the peso against the US dollar in the coming months, Paul plans to increase the current volume of importation to avoid the possible foreign exchange loss. However, the other partners, John and George opposed Paul's plan and threatened to revoke Paul's power should the managing partner pushes through with his plan. May the other partners revoke Paul's power? Explain.
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