Reference no: EM131948075

Cindy, David, and Chet were partners under a written agreement made in March that the partnership should continue for five years. During the same year, Chet found himself deep in debt sold and conveyed his interest in the partnership to Davis. Cindy and David paid Davis $50,000 as Chet's share of the partnership profits for that year but refused Davis' request to  inspect the books of the partnership or to take management responsibility for the partnership. come into the managing office of the partnership.

Davis has brought suit against the partnership in order to be able to inspect the books and to participate in the management of the partnership business.

(a) Does Chet's action dissolve the partnership?

(b) Is Davis entitled to (1) partnership profits, (2) inspection of partnership books, (3) an account of partnership transactions, and (4) participation in the partnership management? Please explain.