Each partner is jointly and severally liable for only their portion of the partnership liabilities.

Name: Each partner is jointly and severally liable for only their portion of the partnership liabilities.
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In a partnership, each partner is jointly and severally liable for the entire amount of the partnership's liabilities, not just their own portion. This means that creditors can pursue any one partner for the full amount of the debt.

Each Partner Is Jointly and Severally Liable for Only Their