Which of the following is true about eliminating partners' apparent authority?
A)Eliminating apparent authority is not a safe practice during winding up.
B)Apparent authority cannot be eliminated by merely informing the existing business clients.
C)Filing a Statement of Dissolution will increase the partners' apparent authority.
D)The partnership should post notice of the dissolution at its place of business to let third parties know.

Question

Quizplus · Accepted Answer

As for parties that may know about the partnership but with whom the partnership has not done business,the partnership should post notice of the dissolution at its place of business and in newspapers of general circulation in its area,increasing the chance that third parties will know of the dissolution.

Which of the Following Is True About Eliminating Partners' Apparent