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:

Threatening

The act of expressing or implying harm to intimidate or coerce someone.

Out

In social and psychological contexts, to disclose or reveal previously concealed information, often related to personal identity or experiences.

Repeated Threatening

The continuous act of making threats against someone, often creating an environment of fear and intimidation.

Screening

The process of testing or evaluating a group of people to identify those at risk of a particular condition or disease.