The Unintentional Business Partnership & Liability For New Post-Dissolution Obligations

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This week we examine the unintentional creation of business partnerships, liability for obligations incurred after dissolution of a partnership, and take a look at partnership by estoppel. This is done through the context of the Uniform Partnership Act (UPA) and the recent Indiana Court of Appeals decision Curves for Women Angola v. Flying Cat, LLC, which found a man liable on a lease extension 7 months after dissolution of the partnership.

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Published In: Business Organization Updates, Business Torts Updates, Civil Remedies Updates, General Business Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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