What is the status of John Solanda in the partnership with his sons after retirement?

When evaluating the status of John Solanda in the partnership with his sons after his retirement, the correct interpretation hinges on the legal implications of partnership dissolution and the rights of former partners. After retiring from the partnership, John does not retain any rights or liabilities typically associated with being an active partner. In essence, his withdrawal from daily operations and decision-making means he has relinquished his partnership role.

Typically, a partner who retires does not have any rights to participate in partnership operations or the management of the business unless there are specific terms in the partnership agreement allowing for continued involvement or interest. The partnership is then adjusted to account for the absence of that partner. Since John has retired, he is considered to have no rights or liabilities in the partnership, which accurately reflects his standing post-retirement.

In this context, the other options do not fit because:

• Retaining full rights as a general partner would require him to still meet the responsibilities and expectations of active participation, which is incompatible with his status as a retiree.
• Having partial rights due to goodwill suggests he would maintain some involvement or entitlement to decisions, which is not the case given his retirement.
• Being classified as a silent partner typically implies a level of non-involvement while still having