Jane, Keegan, and Lois Are Partners in a State That

Multiple Choice

Jane, Keegan, and Lois are partners in a state that has adopted the RUPA. Jane intends to retire and withdraw from the partnership at the end of the year. Jane is liable to the firm's creditors:

A) for a partnership obligation incurred within two years after dissociation if the partnership did not dissolve and if at the time of entering into the transaction the other party reasonably believed Jane was then a partner.
B) only for all debts incurred prior to her retirement.
C) for an amount not to exceed her initial capital contribution to the partnership.
D) for an amount not to exceed her partnership interest on the day of her retirement.