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22 July, 10:13

In winding up a partnership, partners can create new obligations on behalf of the partnership. True False

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  1. 22 July, 10:43
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    The answer is FALSE

    Explanation:

    A partnership; is a formal arrangement by two or more parties to manage and operate a business and share its profits.

    so therefore, when partnerships are being winded up no new obligations would be created because the partner cannot decide on his own.
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