Bill is a general partner in a four member limited partnership with two general and two limited partners.The partnership is silent with regard to the duration of the partnership and Bill wishes to retire.
A) Bill may withdraw at any time and the partnership continues.
B) Bill must give six months notice before being permitted to withdraw.
C) The other general partner and the limited partner with the largest liability must agree to his withdrawal.
D) The court must grant permission for him to withdraw since the agreement was silent and the other partners and third party customers of the partnership must be protected
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