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Meaning of Executor

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Is a retiring partner liable for firm's acts after his retirement?

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Solution

A retiring partner is the person who leaves the firm while the firm continues to exist.
A retiring partner is not liable for firm's acts after his retirement, if a public notice of his retirement is given either by outgoing partner or any partner of the reconstituted firm.

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

Q. A retiring partner continues to be liable for obligations incurred after his retirement _______________________.

Q. A retiring partner continues to be liable for obligations incurred after his retirement if:

Q. Choose the correct answers from the alternatives given.
For firms acts after retirement, a retiring partner ________.

Q. Short answer type question:
How can a partner retire from the firm?

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