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After a general partnership dissolves, one partner signs a contract to finish an existing customer project and another signs a five-year lease for a new expansion office.
Which statement best describes partner authority during winding up?

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After dissolution, no partner may do anything, including paying creditors or collecting receivables. After dissolution, partners may bind the partnership only for acts appropriate for winding up or completing unfinished transactions, not for unrelated new business expansion. After dissolution, every partner has unlimited authority to start new lines of business in the partnership name. After dissolution, only former clients can authorize winding-up transactions.

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