Multiple choice

According to Section 25 of the Indian Partnership Act, 1932, the liability of a partner is

  1. joint

  2. several

  3. joint and several

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

All partners are liable jointly and severally for all acts or omissions binding on the firm, including liabilities arising from contracts as well as torts.

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