When a partner does what Cathy did and the partnership continues regardless, this is known as a Dissociation.
A Dissociation in a partnership:
- Means that a partner no longer wishes to be part of a partnership
- The partner loses their management rights
- Might not absolve the partner of partnership liabilities
Because the business kept going even after Cathy gave notice to quit, this is known as a dissociation and not a dissolution which would have ended the partnership.
In conclusion, this is a dissociation.
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