Pat and Quint sign a five-year partnership agreement to do business as "Pat's Landscaping Service." At the end of the fifth year, they decide to continue without specifying a new term. This partnership is terminable
A) at any time by either partner.
B) only after an additional five-year term.
C) only if Pat dissociates from the firm.
D) only if Quint dissociates from the firm.

Question

Quizplus · Accepted Answer

Since the partnership continued without specifying a new term after the initial five-year agreement, it is now a partnership at will, which means either partner can terminate it at any time.

Pat and Quint Sign a Five-Year Partnership Agreement to Do