Explain the dissolution of a partnership on the basis of ...

[ericka1]

Explain the dissolution of a partnership on the basis of futility.

Question 2

The Equal Pay Act's coverage is similar to that of the Fair Labor Standards Act.
  Indicate whether the statement is true or false

[mcarey591]

Answer to Question 1

If a business partnership clearly cannot achieve a profit, a court may decree dissolution. One partner cannot compel the other members to assume continued losses after the success of the business becomes highly improbable, and further operation appears futile. However, a temporarily unprofitable operation does not justify dissolution. A court will issue a decree of dissolution only when the objective reasonably appears impossible to attain.

Answer to Question 2

TRUE

[ericka1]

Thanks for the timely response, appreciate it

[komodo7]

Wow, this really help