Nonwrongful dissociation and wrongful dissocation

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Why is the distinction between nonwrongful dissociation and wrongful dissocation important? What are the consequences of wrongful dissociation? How is the winding up process affected by wrongful dissociation? How can a partnership agreement affect the concept of wrongful dissociation?

Are new partners liable for debts of the partnership incurred before they joined? Is there any instance in which they can be liable?

Reference no: EM13157819

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