Multiple choice

A new partner is held liable for all acts of the firm done

  1. before he becomes a partner

  2. after he becomes a partner

  3. any time after even if he ceases to be a partner and up to his death

  4. before or after he becomes a partner

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (2) is correct: A person can be held liable for the acts only after he becomes a partner.