Operation and Dissolution of General Partnerships
Explain the contract liability of a partnership and the
partners.
• Explain the tort liability of a partnership and the
partners.
• Distinguish between the liability of incoming partner
for debts arising before his admission and those
arising after admission.
• Identify the causes of dissolution of a partnership and
the conditions under which partners have the right to
continue the partnership after dissociation.
• Explain the effect of dissolution on the authority and
liability of the partners and the order in which the
assets of a partnership are distributed to creditors
and partners.
