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Which of the Following Statements Is False Concerning the Joint

Question 3

Multiple Choice

Which of the following statements is false concerning the joint liability of partners?


A) Creditors have the right to sue all the partners or individual partners.
B) If creditors sue an individual partner the damages they can be awarded are limited to the percentage of liability that the creditor agreed to bear in the partnership agreement.
C) If creditors fail to sue one or more of the partner the ones who have been sued have the right to include the others as co- defendants.
D) A creditor has only one right to take legal action against the partnership.

Correct Answer:

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