Arnold bill and cuthbert have carried on business as an, Ask an Expert

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Arnold, Bill and Cuthbert have carried on business as an unlimited partnership for several years. They have had many disagreements largely because, according to Arnold and Bill, Cuthbert has totally dis- regarded the terms of the partnership agreement. They have now written to Cuthbert in the following terms:

In consequence of your breaches of our partnership agreement we Arnold and Bill propose to exclude you Cuthbert from the partnership.

What is the legal effect of this notice?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91644397

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