Multiple choice

A partner is _______ for all the acts of a firm done while he is a partner.

  1. liable jointly with all the other partners

  2. liable severally

  3. not liable

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: Under Section 25 of the Partnership Act, all the partners are jointly liable for all the acts of a firm.

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