Question: 1. A partnership is terminated in the event
(a) a partnership agreement is not in writing,
(b) a partner dies,
(c) a partner exercises mutual agency.
2. What does the term unlimited liability mean when applied to a general partnership?
3. If a partnership contract does not state the period of time the partnership is to exist, when does the partnership end?
4. What does the term mutual agency mean when applied to a partnership?