2. Section 802(b) makes explicit the right of the remaining partners to continue the business after an event of dissolution if all of the partners, including the dissociating partner or partners, waive the right to have the business wound up and the partnership terminated. Only those "dissociating" partners whose dissociation was the immediate cause of the dissolution must waive the right to have the business wound up. The consent of wrongfully dissociating partners is not required.

3. Upon waiver of the right to have the business wound up, Paragraph (1) of the subsection provides that the partnership entity may resume carrying on its business as if dissolution had never occurred, thereby restoring the scope of its business to normal. "Resumes" is intended to mean that acts appropriate to winding up, authorized when taken, are in effect ratified, and the partnership remains liable for those acts, as provided explicitly in paragraph (2).

If the business is continued following a waiver of the right to dissolution, any liability incurred by the partnership or a partner after the dissolution and before the waiver is to be determined as if dissolution had never occurred. That has the effect of validating transactions entered into after dissolution that might not have been appropriate for winding up the business, because, upon waiver, any liability incurred by either the partnership or a partner in those transactions will be determined under Sections 702 and 703, rather than Sections 804 and 806.

As to the liability for those transactions among the partners themselves, the partners by agreement may provide otherwise. Thus, a partner who, after dissolution, incurred an obligation appropriate for winding up, but not appropriate for continuing the business, may protect himself by conditioning his consent to the continuation of the business on the ratification of the transaction by the continuing partners.

Paragraph (2) of the subsection provides that the rights of third parties accruing under Section 804(1) before they knew (or were notified) of the waiver may not be adversely affected by the waiver. That is intended to mean the partnership is bound, notwithstanding a subsequent waiver of dissolution and resumption of its business, by a transaction entered into after dissolution that was appropriate for winding up the partnership business,