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An outgoing partner can be relieved of liability for partnership debts created while he was a partner by obtaining a _________________ from the partnership creditor
An outgoing partner can be relieved of liability for partnership debts created while he was a partner by obtaining a _________________ from the partnership creditor and from the continuing partners. Group of answer choices A. proxy B. statement of disassociation C. novation D. liability bond
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Novation is a legal concept commonly used in contract law including partnership agreements It involves the substitution of one party for another in an ...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
