Which of the following is a wrongful dissociation?
A)A partner retires at age 70 when the partnership agreement allows partners to retire at age 60.
B)A partner assigns his partnership assets to a personal creditor.
C)A judicial dissociation due to a partner's persistent and substantial use of partnership property for his own benefit.
D)Death of a partner.

Question

Quizplus · Accepted Answer

The grounds for judicial dissociation are when a partner's wrongful conduct adversely and materially affects the partnership business;a partner willfully and persistently breaches the partnership agreement or her fiduciary duties;or a partner's conduct makes it not reasonably practicable to conduct partnership business with the partner.Such expulsion of a partner by a court at the request of the partnership or another partner is wrongful dissociation.

Which of the Following Is a Wrongful Dissociation