Which of the Following Is True About the Liability of a Dissociated

question 79

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.

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Definitions:

Pacemaker

An electronic device implanted in the body to regulate the heartbeat, used primarily in conditions where the heart's rhythm is abnormally slow.

Cardiac Conduction

The system of electrical signals that initiate and regulate the heart's rhythm and beat.

Oxygenated Blood

Blood that has been enriched with oxygen in the lungs and is then transported by the arterial system to oxygenate the body's tissue.

Arterioles

Small branches of arteries that lead to capillaries, regulating blood flow and pressure by constricting or dilating.