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Stephen was sued by a former partner because under the partnership agreement Stephen was entitled to 60 percent of the profits and the partner was
- Stephen was sued by a former partner because under the partnership agreement Stephen was entitled to 60 percent of the profits and the partner was entitled to 40 percent. After the partnership suffered two years of losses, the partner voluntarilv left the partnership. Stephen continued with the business and in the tollowing year made a substantial protit as the result of a sudden and unexpected business opportunity. The partner thinks Stephen should have told him of the increasing business and given him the chance to rejoin the partnership, although there was no evidence of any agreement t do this.
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