A winding-up partner may not inter into a new contract unless:
A)the contract is in furtherance of the partnership's purpose
B)the contract aids the liquidation of the partnership's assets.
C)he honestly believes it is in the best interest of the partnership.
D)it is with a previous client.

Question

Quizplus · Accepted Answer

The implied authority of a winding up partner includes the power to perform executory contracts (made before dissolution but not yet performed).A partner may not enter into new contracts unless the contracts aid the liquidation of the partnership's assets.

A Winding-Up Partner May Not Inter into a New Contract