Start learning →

Under Section 45, after dissolution the partners continue to be liable to third parties for acts done as if the firm subsisted:

AFor one year only
BUntil public notice of the dissolution is given
COnly if registered
DForever
Answer & Solution
Correct answer: B. Until public notice of the dissolution is given
Section 45 keeps partners liable to third parties for post-dissolution acts of the firm until public notice of dissolution is given.
Practise this question with Quill — CA Foundation →

Keep practising Partnership

Browse all Partnership questions for CA Foundation, or explore more Businesslaw topics.

Start a Partnership lesson →