MCQOPTIONS
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| 1. |
A, B and C are partners. C is a sleeping partner who is not known to the creditors. C retires without giving public notice of his retirement. Is C liable for subsequent debts incurred by A and B. |
| A. | No, since he is a sleeping partner |
| B. | Yes, since public notice of retirement must be given |
| C. | Difficult to say |
| D. | None of the above |
| Answer» B. Yes, since public notice of retirement must be given | |