To Ensure That a Dissolving Partner Does Not Create Additional

question 17

Multiple Choice

To ensure that a dissolving partner does not create additional liability for the partnership, which of the following is true regarding notice to be provided to a third party that has provided credit to a partnership?

• A) There is no requirement that notice be provided because by law, the dissolving partner has no authority to bind the partnership.
• B) The third party may be notified through advertisement in the newspaper.
• C) The third party may be notified through a general post on the Internet at the partnership's website.
• D) The third party must be provided direct verbal or written notice.
• E) The third party must be provided written notice based on the statute of frauds.

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Definitions:

Anti-Spamming Legislation

Laws or regulations implemented to prevent unsolicited or undesired electronic communication, particularly email.

Commercial Electronic Information

Data and messages related to the conduct of commerce that are transmitted electronically.

Obligation

A legal or moral duty or responsibility requiring individuals or entities to act or perform in a certain manner, often enforceable by law.

Privacy Commissioner

An official or regulatory body responsible for overseeing and enforcing laws related to privacy and data protection.