Partners are generally liable for the torts committed by another partner in the ordinary course of the business.Furthermore,each partner is jointly liable for the debts and obligations of the firm.A Limited Liability Partnership (LLP)limits a partner's liability as a result of the negligent acts or omissions of another partner.

Question

Quizplus · Accepted Answer

Partners in a general partnership are generally liable for the torts and debts of the partnership, while an LLP provides limited liability protection for partners from the negligent acts of other partners.

Partners Are Generally Liable for the Torts Committed by Another