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The XYZ Partnership agreement provided that the business would exist for five years or until the objective of the partnership was achieved, whichever occurred first.Four

The XYZ Partnership agreement provided that the business would exist for five years or until the objective of the partnership was achieved, whichever occurred first.Four years and 11 months into the partnership, the partners held a meeting during which the future of the business was discussed; it was agreed that the objective had not been achieved but might possibly be accomplished if the business was continued for another year.Some of the partners encouraged a continuation of the business.What right does XYZ Partnership have to continue beyond the originally agreed date?

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