A retiring partner having purchased his release from the remaining partners
A. Is liable for the tort or some other wrong committed at the time when he was a member only if the action is instituted before his retirement
B. Is liable for the tort or some other wrong committed at the time when he was a partner, if the action is instituted and decided before his retirement
C. Is liable for the tort or some other wrong committed at the time when he was a partner, irrespective of whether the action is instituted before or after his retirement
D. Is not liable for the tort or some other wrong committed at the time when he was a member having purchased his release from the remaining partners
Answer: Option C
This Question Belongs to Law >> Indian Partnership Act
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