Question

A retiring partner is liable for all acts of the firm __________.

• A. for all acts of the firm.
• B. for all acts of the firm upto the date of his retirement.
• C. ceases to liable for all past and present acts.
• D. past, present and future acts of the firm

Answer 1

Answer: (B)

for all acts of the firm upto the date of his retirement.

A retiring partner is liable to acts as all partner before his retirement but after the retirement they do not act as partner and also they do not liable for rights of the partner in the firm.