5. A partner assigned (sold) all his interests in the partnership.
By that alone, is the
partnership dissolved? Reason out your answer. What then are the rights by law, of the assignee in the management of the business of the partnership? According to state laws and as provided by the general provisions, they would view the original partnership as dissolved when a partner sold all his interest in the partnership and it made changes to the business. Then, by the rights of the law, the assignee in the management of the business can decide whether they would continue the partnership with the remaining partners and the new ones or not. 6. A managing partner engaged in fish trading purchases blocks of ice at twice the prevailing price through fraud in conspiracy with the ice plant owner. Decide on whether the purchase contract is valid, voidable, unenforceable or void. Give the legal basis of your answer. According to Article 1818, every partner is an agent of the partnership for the purpose of its business when authorized by other partners unless they enter into a compromise concerning a partnership claim or liability. Therefore, it is voidable. It can happen because it is a part of their business transaction but can be contradicted by other partners as it compromises the partnership.