In a partnership context, which act binds the partnership after dissolution?

In the context of partnership law, when a partnership is dissolved, the authority of partners to bind the partnership to new obligations is generally limited. However, there are specific circumstances where a partnership can be bound to an agreement even after dissolution, particularly regarding liabilities to third parties.

The correct choice highlights that if a partner attempts to act on behalf of a partnership after it has been dissolved, the partnership may still be bound by that partner's actions under certain conditions. Specifically, if the partner does not have the authority to wind up the affairs of the partnership, but the third person involved is a previous creditor who is unaware of the dissolution, the partnership can still be bound. This is because previous creditors may have a reasonable expectation that the partnership would still honor its debts and obligations, and thus partnerships have a duty to inform them about the dissolution.

This principle is rooted in the idea of protecting those who have previously dealt with the partnership and may not be aware of the latest developments. It ensures that partners do not escape prior obligations merely due to internal decisions that third parties may have no knowledge of.

The other options involve scenarios that do not meet the criteria where partnerships are typically bound post-dissolution. For instance, if a partner is insolvent or if