Right of partnership to application of partnership property on dissolution
1. Without contravention of agreement:
2. Partnership property applied to discharge Liabilities
3. In surplus distribute to partner
4. With contravention of agreement:
5. Rights of partner not caused wrong are PP applied to liability, share in surplus, indemnified damages, continue business (same name- agreed term), posses PP
6. Right of partner caused wrong:
7. If not continued PP applied to discharge Liabilities and receive surplus cash less damages compensation
8. If continued, have value of interest & released on existing & future liabilities of partnership