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Partnerships – Partner’s Withdrawal – Purchase of Interest – Valuation – ‘Inventory’ (access required)

EHP Land Co. v. Bosher When a partner decided to withdraw from the parties’ partnership, the partnership agreement required the partnership to pay the withdrawing partner an amount that was based in part on the partnership’s “inventory”, but the agreement did not define that term. The trial court correctly applied the ordinary meaning of “inventory.”
By North Carolina Lawyers Weekly Staff 
Published: April 12, 2012
Time posted: 10:52 am
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