Multiple choice

On dissolution, the partners remain liable till

  1. the accounts are settled

  2. partners' dues are paid off

  3. a public notice is given

  4. the registrar strikes off the name

  5. All of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Option (3) is correct: On dissolution, the partners remain liable till a public notice is given by the outgoing partner or by the firm.