Question $4$

$1$ pts

Troy Engineering is a general partnership with Alex, Barney and Carl as partners. They have a written agreement that says the partnership ends in $12$ years. Barney leaves his partners after eight years. Because of the loss of Barney's talent the partnership breaches a contract to design and is sued for $$1$ million. Which of the following is true?

Barney may leave the partnership at any time and has no liability for events that occur after he left.

Barney may not leave the partnership at any time and has wrongfully dissociated, but while he may be sued for the dissociation, he has no liability for events that occur after he left.

Barney has wrongfully dissociated and will be liable for damages suffered by the partnership after he left.

Barney has no liability because time limit terms on partnerships are not allowed under federal law.