Tomlin is a partner in the accounting firm of TSY. He embezzles client funds. Shay and Yalinda are his partners. Since Tomlin committed the tort within the scope of his partnership duties, are Shay and Yalinda liable?
A) Yes, partners have common liability.
B) Yes, partners have joint and several liability.
C) Partners are only liable in accordance with the percentages used for the allocation of profits.
D) Partners are liable in accordance with the percentages used for the allocation of losses.
E) No, only Tomlin is responsible.

Question

Quizplus · Accepted Answer

Partners have joint and several liability, meaning each partner can be held liable for the full amount of the partnership's obligations, including torts committed by one partner within the scope of the partnership's business.

Tomlin Is a Partner in the Accounting Firm of TSY