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An active (ostensible) partner who retires from the firm:
ANeed not give any notice
BRemains liable forever regardless of notice
CIs never liable after retirement
DMust give public notice to absolve himself of liability for acts done after his retirement
Answer & Solution
Correct answer: D. Must give public notice to absolve himself of liability for acts done after his retirement
An active partner acts as an agent of the others, so on retirement he must give public notice to escape liability for the firm's later acts.
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