Question

According to Indian Partnership Act, 1932 What is the liability of a retiring partner for acts done by the firm before retirement after an agreement is made by him with third party and the partners of the reconstituted firm

A The retiring partner remains fully liable for all acts of the firm.
B The retiring partner is partially liable for acts done by the firm.
C The retiring partner's liability is transferred to the reconstituted firm.
D The retiring partner is discharged from liability for acts before retirement.
E The retiring partner's liability is limited to acts done after retirement.
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