Sandy, Ramon, and Bonnie were partners. Sandy dissociated from the partnership. Bonnie and Ramon decided to continue the business. When Sandy dissociated, there was a $50,000 debt owed to Great State Bank. Which statement is correct?
A. Sandy remains liable on the $50,000 debt owed to Great State Bank.
B. Only Ramon and Bonnie are liable for the $50,000 debt owed to Great State Bank.
C. The debt is extinguished as a result of the dissociation.
D. Whether Sandy remains liable depends on whether she filed a statement of dissociation.
Answer: A
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