Mr.Smith and Mr.Blue enter into a partnership at will in which each owns half of the business.Mr.Blue decides to leave the partnership.What should Mr.Blue be paid for leaving the business?
A)Mr.Blue should be paid half of the value of the business.
B)Mr.Blue should receive 15% of the value of the business for leaving.
C)Mr.Blue receives 1/3 of the value of the business for leaving.
D)Mr.Blue receives nothing for his dissociation.

Question

Quizplus · Accepted Answer

A party who nonwrongfully dissociates from the partnership is entitled to be paid the value of their partnership interest.

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