Multiple Choice
Which of the following is true about the liability of a dissociated partner for obligations incurred while a partner?
A) To complete the requirements for novation,a dissociated partner must also secure his release by the partnership's creditors.
B) Dissociated partners are not liable to partnership creditors for partnership liabilities incurred while they were partners.
C) Continuing partners must not indemnify dissociated partners from liability on partnership obligations.
D) A creditor's agreement to release an outgoing partner from liability may be implied,but usually it is express.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: As discussed in the text,which of the
Q75: Which of the following is true about
Q76: The buyout price includes interest from the
Q77: A winding-up partner is entitled to _
Q78: Barks and Paws partnership is in the
Q80: Hagus was a partner at Ace-Star General
Q81: Amos,Beverly,Carlos,and Dan were partners in a partnership
Q82: Dissociation is the term for adding new
Q83: Which of the following is true about
Q84: In Urbain v.Beierling,the case in the text,why