George Chaney and William Dickerson were partners in Bowens Mill Landing, which purchased a large piece of

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George Chaney and William Dickerson were partners in Bowen’s Mill Landing, which purchased a large piece of land in the 1980s. The partners had planned to develop the property, but nothing was ever done. Chaney died in 1990, and his wife inherited his interest. When she died in 2004, her two sons, John and Dewey Lynch, inherited the half-interest in the partnership. Dickerson died in 1995, and his daughter, Billie Thompson, inherited his half-interest. In 2006, the Lynches filed a petition for partition, asking that a commission be appointed to make a fair division of the land, giving the Lynches half and Thompson half. In 2007, the commission reported on how to divide the land into two parts. Thompson objected that the land belonged to Bowen’s Mill Landing and could not be divided. The trial court ordered Thompson to “effectuate the dissolution of any partnership entity and . . . to wind up the business and affairs of any partnership” so that the land could be divided. Thompson appealed. Can the court order the partnership to dissolve? Why or why not? [Thompson v. Lynch, 990 A.2d 432 (Sup.Ct.Del. 2010)]


Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Business Law Text and Cases

ISBN: 978-1111929954

12th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross

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