Question

Question:

Adam and Ben are partners in a law firm. Due to irreconcilable differences, they have decided to dissolve their partnership. They have reviewed the provisions on Dissolution and Winding Up under the Civil Code. Answer the following scenarios based on the given facts and the applicable laws:

1. What are the steps that Adam and Ben need to take in order to dissolve their partnership in accordance with the law?
2. Adam and Ben have outstanding debts to various creditors. Discuss the rights and obligations of the partners in relation to the partnership debts during the winding-up process.
3. Ben wants to continue the business under a new partnership. Can he do so without the consent of Adam?
4. During the winding-up process, a dispute arises between Adam and Ben regarding the distribution of the partnership assets. How can this dispute be resolved in accordance with the law?
5. Adam and Ben have agreed to appoint a third party, Carla, to act as the liquidator for their partnership. Explain the powers and functions of a liquidator in the dissolution and winding-up of a partnership.