A third party who has actually dealt with the partnership must be given actual notice of the partnership's dissolution or have acquired knowledge of the dissolution from another source.

Question

Quizplus · Accepted Answer

This is true. Third parties who have dealt with the partnership must be notified of the dissolution, or should have acquired knowledge of the dissolution from another source, in order for the partnership to be released from further obligations to them. Failure to provide notice can result in continued liability for the partnership and its partners.

A Third Party Who Has Actually Dealt with the Partnership