What are the advantages and disadvantages of a partnership
Question 3: Partnership Law.
a) What are the advantages and disadvantages of a partnership?
b) What are the factors that determine whether a partnership exists?
c) What are the fiduciary obligations between partners?
d) What does a retiring partner need to do to avoid liability for partnership debts after he or she retires?
e) What are partner's obligations according to the partnership agreement and the common law generally?
(Each question, a, b, c, d and e is worth 2.5 marks. So that this question is worth 12.5% of the course assessment)
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