A, B, and C entered into a partnership to operate a restaurant business. When the restaurant had gone past break-even stage and started to garner considerable profits, C died. A and B continued the business without dissolving the partnership. They in fact opened a branch of the restaurant, incurring obligations in the process. Creditors started demanding for the payment of their obligations.
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Who are liable for the settlement of the partnership’s obligations? Explain? (3%)
What are the creditors’ recourse/s? Explain. (3%)
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