Accounting

  George, Burton, and Dillman have been partners for three years. The partnership is being dissolved. George is leaving the firm, but Burton and Dillman plan to carry on the business. In the final settlement, George places a 75,000 salary claim against the partnership. He contends that he has a claim for a salary of25,000 for each year because he devoted all of his time for three years to the affairs of the partnership. Is his claim valid? Why or why not?

Answers
his claim is valid if the partners are agreed upon in the terms and condition of the agreement before going into the partnership that George is entitled to the  salary  of 25000 per year 
satya
03 June 2015
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