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Author Question: Explain the dissolution of a partnership on the basis of futility.[br][br][b][color=#7BCCB5]Question ... (Read 109 times)

ericka1

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on: Jun 24, 2018
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


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mcarey591

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Reply #1 on: Jun 24, 2018
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

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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