Hagus was a partner at Ace-Star General partnership.The partnership agreement stated that all partners would continue as partners until the year 2010.However,in 2006,Hagus was offered another business opportunity that was more attractive than remaining a partner with Ace-Star.Following this,he dissociated himself from Ace-Star.Which of the following is true with regard to this situation?
A)Hagus dissolved the Ace-Star General partnership.
B)Hagus used his power to dissociate to withdraw from the partnership.
C)Hagus eliminated his liability to the partnership obligations.
D)Hagus used his right to dissociate to withdraw from the partnership.

Question

Quizplus · Accepted Answer

A partner has the power to dissociate from the partnership at any time,such as by withdrawing from the partnership.A partner does not,however,always have the right to dissociate.

Hagus Was a Partner at Ace-Star General Partnership