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?