Exam 30: Partnerships and Limited Liability Partnerships

After a partner dissociates from a continuing partnership,the partnership is no longer bound by the acts of the dissociated partner,even on a theory of apparent authority.

Sweet Selections is a general partnership that sells candy,cards,and flowers.Sweet Selections has ten partners.Jill and Amy each have a 25 percent interest in the partnership.All the other members have a 10 percent interest.To pass a management decision