Legal Question in Business Law in Indiana

dissolution

If a partner dissolves a partnership before death and had an agreement that the other partner would buy the partner's interest for 50,000 can the the widow sue? if so, How much would she get?


Asked on 4/30/09, 9:47 am

2 Answers from Attorneys
Samuel Hasler Samuel Hasler

Re: dissolution

Since partnerships dissolve at time of death of a partner, you are actually asking a pretty fact fact sensitive question. I think the widow needs to get a lawyer to read the agreement and see if it was executed before death or not.

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Answered on 4/30/09, 11:39 am
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: dissolution

The agreement would have to be reviewed in its entirety before an answer can be provided. Since such a large amount is at issue, you should contact an attorney. Even if there is as much as a $500 consultation fee, with a $50,000 risk, you should pay it.

Good luck.

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Answered on 4/30/09, 4:51 pm


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