Every partner is liable in the firm : (a) Jointly (b) Severally (c) Either Jointly or Severally (d) Both Jointly & Severally
Answers
Answered by
0
Jointly means that both parties havejoint liability, giving responsibility for the full amount of the obligation toeach party. ... In contrast, however, “severally" means that the parties are only responsible for their share of the obligation.
Similar questions