Ace Software Co.signed a deal with Gill Associates,a partnership,and has extended credit to it.Paul,a partner in Gill associates,retires but his partners continue the business.In order to release Paul from the debt owned to Ace,which of the following must occur?

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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.Novation occurs when the continuing partners release a dissociated partner from liability on a partnership debt,and a partnership creditor releases the dissociated partner from liability on the same obligation.