A limited partnership, named WJG Ltd., was formed by W as the general partner, and J and
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A limited partnership, named "WJG Ltd.," was formed by W as the general partner, and J and G, as the limited partners. The partners contributed, respectively, P20,000 to the partnership. Subsequently, general partner W and limited partner J got married and, thereafter, limited partner G sold his share in the partnership to them. Was the partnership dissolved after the marriage of the partners, W and J and the subsequent sale to them by G of his share? Explain briefly.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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