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  • Partnership - Law (Business Organziation) Tutorial Question 4.16

     

    Essays2 Law

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ID number:288050
 
Evaluation:
Published: 25.08.2006.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Identify the area or areas of law
The area of law concerns this case, which in connection with the relations of partners to one another, especially expulsion of partner and distribution of assets on dissolution of partnership.
Explain the principles of law
EXPULSION
Regarding expulsion, the Partnership Act says that:
"No majority of the partners can expel any partner unless a power to do so has been conferred by express agreement between the partners."

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