Question
Question 1) Ellie, Josie, and Dylan are partners in a car dealership. Ellie gives notice to Josie and Dylan that she wants to withdraw from
Question 1) Ellie, Josie, and Dylan are partners in a car dealership. Ellie gives notice to Josie and Dylan that she wants to withdraw from the business. As a result of Ellie leaving the partnership, Josie and Dylan:
A) can only dissolve the partnership if the partnership agreement states that it must dissolve when a partner dissociates.
B) must dissolve the partnership.
C) must continue the partnership unless they get a court order to dissolve the partnership.
D) can either continue the partnership without Ellie or agree to dissolve the partnership.
Question 2) Bly and Ahmik are partners in a sandwich shop. They have been struggling for the last couple of years and, finally, decide to close the sandwich shop and dissolve the partnership. During the winding-up process, Ahmik spends most of his time pursuing his next venture, so Bly is handling most of the work involved in collecting and preserving partnership assets and paying the debts of the partnership. If Bly requests payment for his services in winding up the partnership:
A) he is not entitled to payment for those services, because it is part of his duty as a partner.
B) he is entitled to payment for those services.
C) he is not entitled to payment for those services, because he receives a share in the partnership profits.
D) he is entitled to payment for those services only if the partnership agreement provides for it.
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