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Can a court order dissolve a partnership? Can a death of a partner dissolve a partnership?
Death automatically dissolves a partnership and, yes, a court order does as well.
But the court order will only be given on application to the court whereas death means automatic dissolution
1. What is the maximum number of partners that can form a partnership?
2. What is the minimum amount of capital required to form a partnership?
3. If there are three members in a partnership for example Tom, Ham and Sham and Tom is restricted from entering into contracts on behalf of the partnership and does actually enter into a contract costing $5000, will all three partners be liable for the contract? Will Tom have to repay Ham and Sham the full amount they have paid in the contract?
4. When a partner leaves a partnership is he still liable for contracts which he entered into ?
5,. When a partner leaves a partnership is he still liable for contracts which he entered into but did notify creditors of his resignation?Surely all these are answered in the video lectures on partnership!
1) normally 20 but there are exceptions
2) no minimum
3) yes and yes
4) yes
5) no
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