'Mutual liability' in relation to a partnership means that:
A) each partner is responsible for their own actions, and is not liable for the actions of the other partners.
B) each partner is personally liable for the whole of the debts of the partnership.
C) each partner is both the principal and the agent of the other partners, and as such is liable for the actions of the other partners.
D) each partner is jointly and severally liable with the other partners for the debts of the partnership.
Correct Answer:
Verified
Q5: In relation to torts and crimes partners
Q6: The express authority of each partner is
Q7: Which of the following is not one
Q8: A sole trader is:
A)entitled to business profits
Q9: Venardos and Aaberg agreed to enter into
Q11: The authority directly and overtly given by
Q12: 'Joint and several liability' of partners means
Q13: The silent partners in a tyre manufacturing
Q14: A partner:
A)is not personally liable for business
Q15: Partners do not have an implied authority
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