Question

what is liability of a partner
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Answer 1

Answer:

In a general partnership, each partner has unlimited personal liability. Partnership rules usually dictate that whatever debts are incurred by the business, it is the legal responsibility of all partners to pay them off. ... All partners are responsible for paying the debts.

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Answer 2

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Explanation:

In a general partnership, each partner has unlimited personal liability. Partnership rules usually dictate that whatever debts are incurred by the business, it is the legal responsibility of all partners to pay them off. Further, in many states partners are held severally liable.

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