A partner who withdraws from a partnership for a term before its expiration date can be held liable for any resulting losses.

Name: A partner who withdraws from a partnership for a term before its expiration date can be held liable for any resulting losses.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

A partner who withdraws from a partnership before the expiration of its term can be held liable for losses incurred by the partnership as a result of their premature withdrawal, as this may breach the partnership agreement.

A Partner Who Withdraws from a Partnership for a Term