Mark,John,and Graham are partners.Mark voluntarily and nonwrongfully leaves the partnership.However,the partnership has a three-year lease with Green Real Estate Inc.So long as Mark leaves the partnership,he is no longer liable for the lease agreement.

Question

Quizplus · Accepted Answer

Dissociated partners remain liable to partnership creditors for partnership liabilities incurred while they were partners;however,a dissociated partner's liability may be eliminated by the process of novation.

Mark,John,and Graham Are Partners