PARTNERSHIP 2773

(c) A partner has been guilty of such conduct as tends to affect pre-
judicially the carrying on of the business,

(d) A partner wilfully or persistently commits a breach of the partner-
ship agreement, or otherwise so conducts himself in matters relating to the
partnership business that it is not reasonably practicable to carry on the
business in partnership with him,

(e) The business of the partnership can only be carried on at a loss,

(f) Other circumstances render a dissolution equitable.
(2) On the application of the purchaser of a partner's interest under
sections 27 or 28;

(a) After the termination of the specified term or particular under-
standing,

(b) At any time if the partnership was a partnership at will when the
interest was assigned or when the charging order was issued.

An. Code, 1924, sec. 33. 1912, sec. 33. 1916, ch. 175, sec. 33.

33. (General Effect of Dissolution on Authority of Partner.) Ex-
cept so far as may be necessary to wind up partnership affairs or to com-
plete transactions begun but not then finished, dissolution terminates all
authority of any partner to act for the partnership,

(1) With respect to the partners,

(a) When the dissolution is not by the act, bankruptcy or death of a
partner; or

(b) When the dissolution is by such act, bankruptcy or death of a part-
ner, in cases where section 34 so requires.

(2) With respect to persons not partners, as declared in section 35.

An. Code, 1924, sec. 34. 1912, sec. 34. 1916, ch. 175, sec. 34.

34. (Right of Partner to Contribution From Co-partners After Dis-
solution.) Where the dissolution is caused by the act, death or bank-
ruptcy of a partner, each partner is liable to his co-partners for his share
of any liability created by any partner acting for the partnership as if
the partnership had not been dissolved unless

(a) The dissolution being by act of any partner, the partner acting for
the partnership had knowledge of the dissolution, or

(b) The dissolution being by the death or bankruptcy of a partner, the
partner acting for the partnership had knowledge or notice of the death or
bankruptcy.

An. Code, 1924, sec. 35. 1912, sec. 35. 1916, ch. 175, sec. 35.

35. (Power of Partner to Bind Partnership to Third Persons After
Dissolution.) (1) After dissolution a partner can bind the partnership
except as provided in paragraph (3)

(a) By any act appropriate for winding up partnership affairs or com-
pleting transactions unfinished at dissolution;

(b) By any transaction which would bind the partnership if dissolu-
tion had not taken place, provided the other party to the transaction

I. Had extended credit to the partnership prior to dissolution and had
no knowledge or notice of the dissolution; or

II. Though he had not so extended credit, had nevertheless known of
the partnership prior to dissolution, and, having no knowledge or notice