If unpaid amount is transferred to his loan account
If he does not give public notice
In all the situations till he survies
Answer is Right!
Answer is Wrong!
The correct answer is: A. If unpaid amount is transferred to his loan account.
A retiring partner continues to be liable for obligations incurred after his retirement if unpaid amount is transferred to his loan account. This is because the unpaid amount is considered as a debt of the retiring partner, and he is still liable for his debts even after his retirement.
The other options are incorrect because:
- Option B is incorrect because a retiring partner is not required to give public notice of his retirement.
- Option C is incorrect because a retiring partner is not liable for obligations incurred after his retirement if he starts a similar business elsewhere.
- Option D is incorrect because a retiring partner is not liable for obligations incurred after his retirement in all situations.