Carlita Retires from Mortex Associates,a Partnership

question 14

Multiple Choice

Carlita retires from Mortex Associates,a partnership.The business is continued by the remaining partners.What is Carlita's liability on debts incurred while she was a partner?

• A)Carlita has liability to the extent of her capital contribution.
• B)Carlita is fully liable.
• C)Carlita has no liability.
• D)Carlita has liability to the extent of partnership assets at the time of dissociation.

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