Grey and Carr entered into a written partnership agreement to operate a hardware store. Their agreement was silent as to the duration of the partnership. Grey wishes to dissolve the partnership. Which of the following is true?

A. Unless Carr consents to a dissolution, Grey must apply to a court and obtain a decree ordering the dissolution.
B. Grey may dissociate from the partnership and not be liable for any pre- or post-dissociation obligations.
C. Grey may dissolve the partnership only after notice of the proposed dissolution is given to all partnership creditors.
D. Grey may dissociate from the partnership at any time.

Answer: D. Grey may dissociate from the partnership at any time.

Business

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