Partners have no authority after dissolution to create new obligations, but they do retain authority to perform any acts necessary to wind up the business.

Name: Partners have no authority after dissolution to create new obligations, but they do retain authority to perform any acts necessary to wind up the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the Uniform Partnership Act, partners lose the authority to create new obligations after dissolution, but they are still authorized to wind up the business.

Partners Have No Authority After Dissolution to Create New Obligations