Dissolution of Partnership

If no term was fixed by agreement for the duration of a partnership, its continuance depended upon the continuing consent of the part- ners. In such case even an agreement that a partner could not withdraw was void. Any partner could work a dissolution of the partnership by notice of withdrawal to his copartners, provided, however, the withdrawal was in good faith and not for the purpose of defrauding the partners, or would not result in inconvenience or loss to the partnership. If the partnership was for a fixed term, a partner who withdrew before the expiration of the term divested himself of all rights in respect of the partnership, but remained liable for all its obligations socium a se, non se a socio liberat (Dig. 17, 2, 65, 6).

The death of a partner dissolved the partnership, even where there were several surviving partners, unless it was agreed otherwise. And when the partnership was formed for a particular purpose, it was terminated when that purpose was accomplished. So also, where the partnership was for a definite period it terminated with the expiration of that period. There were other modes of termination of less present interest. (As to partnership, see generally Gaius, 3, 148-154; Inst. III, 20; Hunter, 516-524; Sohm, 406.)

.

Curators

The Several Kinds of Tutors

Nexum