The dissolution of a partnership discharges the liability of the outgoing partners for the existing partnership's debts and obligations.

Question

Quizplus · Accepted Answer

The dissolution of a partnership does not automatically discharge the liability of the outgoing partners for the existing partnership's debts and obligations. They may still be liable depending on the terms of the partnership agreement and any applicable laws.

The Dissolution of a Partnership Discharges the Liability of the Outgoing