Maxim 4.5.2
When any partner renounces the partnership, the partnership is dissolved.
Cum aliquis renunciaverit societati, solvitur societas.
Source: Tray. Leg. Max. 118; Weisman, 85b
Difficulty 1/5 — Foundational
Explanation
A single partner's withdrawal ends the partnership for all — the law will not bind a man to an association he has repudiated.
Where this applies
- One partner quits and the entire partnership dissolves.
- A partner withdraws from a business and the remaining partners want to continue.
Topics
Legal domains
See also
Cite this maxim
NeCede Max. 4.5.2 — When any partner renounces the partnership, the partnership is dissolved. — Tray. Leg. Max. 118; Weisman, 85b (Cum aliquis renunciaverit societati, solvitur societas.)
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