Which of the following is not a correctly stated liability of a partner in the statement that a partner…
Under s.25 every partner is liable jointly with all the others and also severally for the acts of the firm, so "Only jointly but not severally" is not a correct statement of…
Choose your answer
Which of the following is not a correctly stated liability of a partner in the statement that a partner is liable for all acts of a firm of which he is a partner?
Answer and explanation
Correct answer D
Under s.25 every partner is liable jointly with all the others and also severally for the acts of the firm, so "Only jointly but not severally" is not a correct statement of his liability.
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