: only for acts appropriate in winding up the partnership's affairs
: can also bind a partnership after dissolution by any transaction that would bind the partnership if dissolution had not taken place, provided the other party to the transaction had extended credit to the partnership prior to dissolution and had no knowledge or notice of the dissolution.
Liability of partner
: partnership not bound by acts of partners after dissolution where:
- Partnership dissolved due to illegality of purpose, unless act is appropriate for winding up
- Partner has become bankrupt
- Partner had no authority to wind up parntership affairs