Frank and Jesse are operating as a general partnership.A question has arisen not covered under their partnership agreement and also not addressed by the Revised Uniform Partnership Act.What will the courts do to resolve the situation?

Question

Quizplus · Accepted Answer

When a situation arises that is not covered by the partnership agreement or by the governing statute, the courts will look to the common law principles of partnership law to determine the appropriate resolution. The common law principles consist of a body of legal precedents established by court decisions over time.

Frank and Jesse Are Operating as a General Partnership