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Which of the Following Is True About Successor's Liability for Predecessor's

Question 68

Multiple Choice

Which of the following is true about successor's liability for predecessor's obligations?


A) Once continuation begins after dissociation,the creditors remain the creditors of the predecessor.
B) Partners may escape prior liabilities by forming new partnerships.
C) There has to be an agreement with creditors to eliminate liability for prior obligations.
D) The original partners are not liable for obligations incurred prior to dissociation.

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