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Source Partnership Dissociation Complete Wisconsin Bar Exam Topic Index List Matched to this deck.

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A partner leaves a two-year partnership six months after formation without any agreement-based right to withdraw early.
Which statement best describes the legal consequence?

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Wrongful dissociation always requires immediate liquidation of the partnership assets. A partner in a term partnership has no power to dissociate before the term ends under any circumstances. If a partner wrongfully dissociates before the term ends, the dissociation can still occur, but the partner may be liable for damages and the buyout may be offset. A wrongful dissociation is void and leaves all management rights unchanged.

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