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When continuing partners agree to relieve the withdrawing partners of liability on the debts of the old partnership, an act of novation can take place
When continuing partners agree to relieve the withdrawing partners of liability on the debts of the old partnership, an act of novation can take place which involves an agreement by the creditor blank.
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and all thirdparty creditors of the old partnership
and the continuing partners only
with the withdrawing partners themselves and not their representatives
with both the withdrawing partners and the continuing partners
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