Jacob dissociates from the Applegate Partnership, which continues to operate. Discuss Jacob's authority to act for the partnership after his dissociation and his possible liability under the RUPA to the partnership or third parties for transactions entered on behalf of the partnership
Jacob has no actual authority to act for Applegate after his dissociation. However, with regard to apparent authority, the RUPA provides that for two years after the dissociation Applegate is bound by Jacob's acts that would have bound it before his dissociation if the other party reasonably believed Jacob was then a partner and the other party did not have actual or constructive notice of his dissociation. Jacob is liable to Applegate for any damage caused to it arising from obligations he improperly incurred after he dissociated. Jacob is also liable personally to third parties for unauthorized obligations.
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