This is “Partnership Operation and Termination”, chapter 41 from the book The Legal Environment and Business Law (v. 1.0). For details on it (including licensing), click here.

For more information on the source of this book, or why it is available for free, please see the project's home page. You can browse or download additional books there. To download a .zip file containing this book to use offline, simply click here.

Has this book helped you? Consider passing it on:
Creative Commons supports free culture from music to education. Their licenses helped make this book available to you.
DonorsChoose.org helps people like you help teachers fund their classroom projects, from art supplies to books to calculators.

Chapter 41 Partnership Operation and Termination

Learning Objectives

After reading this chapter, you should understand the following:

  1. The operation of a partnership, including the relations among partners and relations between partners and third parties
  2. The dissolution and winding up of a partnership