World Languages, asked by Anonymous, 1 month ago

legal consequences of partner coming in and going out

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Answered by Anonymous

20

Answer:

A retired partner continues to be liable to the third party for acts of the firm till such time that he or other members of the firm give a public notice of his retirement. However, if the third party deals with the firm without knowing that he was a partner in the firm, then he will not be liable to the third party.

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