Which of the following is a consequence of wrongful dissociation?
A)The dissociated partner may demand dissolution of the partnership.
B)The partnership must terminate on grounds of wrongful dissociation.
C)The dissociated partner should contribute to performing the winding up.
D)The dissociated partner is not entitled to receive the buyout price until the term of the partnership has expired.

Question

Quizplus · Accepted Answer

A wrongfully dissociated partner is entitled to his share of the value of his partnership interest,minus the damages he caused the partnership.But he is not entitled to receive the buyout price until the term of the partnership has expired.

Which of the Following Is a Consequence of Wrongful Dissociation