What happens to the responsibilities of partners after a partnership is dissolved?

After a partnership is dissolved, the responsibilities of the partners do not simply vanish; instead, they must continue to handle existing debts and obligations incurred during the partnership's operation. This principle stems from the legal obligations that partners have toward each other and their creditors.

Even after a partnership ends, partners remain liable for debts and obligations that were incurred before the dissolution. This means they need to settle outstanding liabilities and ensure that the partnership's financial affairs are wrapped up correctly. Failure to address these responsibilities can lead to personal liability for the partners, potentially affecting their personal finances.

While partners may pursue new ventures or partnerships afterward, this does not alleviate their responsibilities for prior obligations. Thus, option B accurately reflects the enduring responsibilities partners have toward their debts after the dissolution of the partnership.