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Under the proviso to Section 45, even without public notice, no liability for post-cessation acts attaches to:
AAn active partner
BThe estate of a deceased partner, an insolvent partner, or a dormant partner unknown to the dealer
CThe managing partner
DA continuing partner
Answer & Solution
Correct answer: B. The estate of a deceased partner, an insolvent partner, or a dormant partner unknown to the dealer
The proviso exempts the estate of a deceased partner, an insolvent partner, and a dormant (unknown) partner from liability for acts after they cease, even absent public notice.
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