A Retiring Partner Cannot Be Discharged from Existing Liabilities of the Partnership

question 45

True/False

A retiring partner cannot be discharged from existing liabilities of the partnership except by payment.

---

Definitions:

George Simmel

was a German sociologist and philosopher who explored the dynamics of social interactions and the structures of urban life.

Totalizations

The process or practice of making comprehensive or totalizing statements or theories, often criticized in postmodern thought for oversimplifying complex realities.

Bricoleur

A person who creates or constructs from a diverse range of available things; or, in Levi-Strauss's anthropology, someone who uses pre-existing tools or materials in new and creative ways.

Knowledge Available

Refers to information and insights that are accessible for use or understanding by individuals or groups.