Business Studies, asked by kishanrkv9424, 6 months ago

the liabilities of partners is

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Answered by rv21060
2

Answer:

Liability of Partners. Partners have unlimited personal liability for partnership liabilities. Partners are jointly liable on all firm contracts. They are jointly and severally liable for all torts committed by one of the partners or by a firm employee within the scope of the partnership's business.

Answered by Anonymous
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Explanation:

Partners have unlimited personal liability for partnership liabilities. Partners are jointly liable on all firm contracts. They are jointly and severally liable for all torts committed by one of the partners or by a firm employee within the scope of the partnership's business.

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