Wind, who has been a partner in the PLW general partnership for four years, decides to withdraw from...

Question

Wind, who has been a partner in the PLW general partnership for four years, decides to withdraw from the partnership despite a written partnership agreement that states, “no partner may withdraw for a period of five years.” Under the Uniform Partnership Act, what is the result of Wind’s withdrawal?

Wind’s withdrawal causes a dissolution of the partnership by operation of law.
Wind’s withdrawal has no bearing on the continued operation of the partnership by the remaining partners.
Wind’s withdrawal is not effective until Wind obtains a court-ordered decree of dissolution.
Wind’s withdrawal causes a dissolution of the partnership despite being in violation of the partnership agreement.

Robert · Accepted Answer

Wind, who has been a partner in the PLW general partnership for four years, 
decides to withdraw from the partnership despite a written partnership agreement 
that states, “No partner may withdraw for a period of five years.” Under the 
Uniform Partnership Act, what is the result of Wind’s withdrawal? 
1. Wind’s withdrawal causes dissolution of the partnership by operation of 
law. 
2.

Wind, who has been a partner in the PLW general partnership for four years, decides to withdraw from the partnership despite a written partnership agreement that states, “no partner may withdraw for a...

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