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Jane,Kelly,and Lois Are Partners in an Accounting Firm,but Jane Intends

Question 42

Multiple Choice

Jane,Kelly,and Lois are partners in an accounting firm,but Jane intends to retire and withdraw from the partnership at the end of the year.Under the RUPA,Jane is liable to the firm's creditors:


A) for a partnership obligation incurred within two years after her dissociation if at the time of entering into the transaction the other party reasonably believed Jane was then a partner,did not have notice of Jane's dissociation,and is not deemed to have had constructive notice of the dissociation.
B) only for all debts incurred prior to her retirement.
C) until the day of her retirement when she will be absolved of all liability.
D) for an amount not to exceed her partnership interest on the day of her retirement.

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