Wilder and Joanne Are Carrying on a Law Firm Business

Multiple Choice

Wilder and Joanne are carrying on a law firm business as a partnership under the name Wilder and Joanne Law Firm.Joanne has decided to leave.Which of the following strategies will best ensure that she does not become liable for any obligation of the firm arising after she moves on?

A) Joanne takes out an advertisement in a local newspaper announcing her retirement.
B) Joanne agrees to allow her name to be used in the firm name but obtains an indemnity from Wilder against any liabilities which arise as a result.
C) Joanne enters into an agreement with Wilder under which he promises to remove her name from the firm name,as well as from all letterhead and other papers of the firm.
D) Joanne sends a letter to all of the clients she knows,advising them of her retirement.
E) There is no way for Joanne to guarantee that she will not be liable for partnership debts after she leaves.The best method is to dissolve the partnership by court application for dissolution on notice to all possible claimants against the partnership,its assets,or its income.