As a general rule, in a partnership firm, the extent of liability of each of the partners is

As a general rule each partner's liability is unlimited: under section 25 of the Indian Partnership Act, 1932, every partner is liable, jointly with all the other partners and also severally, for all acts of the firm done while he is a partner, and this reaches his personal assets. It is not limited to his investment or share of profits, and ‘joint’ describes how the liability is shared, not how far it extends.