Nancy Was a Partner of a Small Business

Nancy was a partner of a small business.She could see that the business was beginning to fail and that it was very unlikely it would recover.Not wanting to lose her investment,she asked that the court require the partnership to dissolve since she did not have a legal right to withdraw at that time.Does a court have the authority to order a partnership to dissolve?

A) Yes.A court can dissolve a partnership when it is convinced that the partnership is unlikely to succeed.
B) Yes.Under the UPA,if a partner can show the court the business suffered a loss the year before the case was filed,the court can dissolve the partnership.
C) No.A court can only dissolve a partnership at the request of all the partners.
D) No.A court does not have authority to dissolve the partnership.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free