When the winding up partners disagree during the process: a. majority partner approval is required for...
When the winding up partners disagree during the process:
a. majority partner approval is required for actions in the ordinary course of winding up.
b. majority partner approval is required for every decision.
c. unanimous partner approval is required for actions in the ordinary course of winding up.
d. unanimous partner approval is required for every decision.
Homework Answers
as per section 602(b)(2)(i) of Uniform Partnership Act , the partner will to wound up the partnership business
(ii) the express will of all of the partners to wind up the partnership business;
or (iii) the expiration of the term or the completion of the undertaking;
Hence option a is most appropriate in given case.
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