Sandy,Ramon,and Bonnie Were Partners

Sandy,Ramon,and Bonnie were partners.Sandy dissociated from the partnership.Bonnie and Ramon decided to continue the business.When Sandy dissociated,there was a $50,000 debt owed to Great State Bank.Which statement is correct?

A) Sandy remains liable on the $50,000 debt owed to Great State Bank.
B) Only Ramon and Bonnie are liable for the $50,000 debt owed to Great State Bank.
C) The debt is extinguished as a result of the dissociation.
D) Whether Sandy remains liable depends on whether she filed a statement of dissociation.

Correct Answer:

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