Terms of the partnership agreement

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Reference no: EM13969454

Arnold, Bill and Cuthbert have carried on business as an unlimited partnership for several years. They have had many disagreements largely because, according to Arnold and Bill, Cuthbert has totally dis- regarded the terms of the partnership agreement. They have now written to Cuthbert in the following terms:

In consequence of your breaches of our partnership agreement we Arnold and Bill propose to exclude you Cuthbert from the partnership.

What is the legal effect of this notice?

Reference no: EM13969454

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