On a partner's dissociation, his or her right to participate in the management and conduct of the business terminates.

Question

Quizplus · Accepted Answer

According to the Uniform Partnership Act (UPA), a partner's dissociation results in the termination of his or her right to participate in the management and conduct of the partnership business. However, the dissociated partner may still be entitled to receive a share of the partnership's profits and losses.

On a Partner's Dissociation, His or Her Right to Participate