The partners for the purpose of continuing the business

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Reference no: EM132142453

Mark and Stacy, brother and sister, were partners who had irreconcilable differences. In a suit to dissolve the partnership, a referee was appointed. The referee, to dispose of the assets, asked each partner to submit a bid. The brother submitted a bid for $65,000, but the sister did not bid. She now objects to the sale to her brother. The parties had stipulated that one of them could continue the business. On dissolution, is it permissible for the court to order a sale of partnership property to one of the partners for the purpose of continuing the business? Explain.

Reference no: EM132142453

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