In a general partnership, legal action that treats all partners equally as a group is called:

Question

In a general partnership, legal action that treats all partners equally as a group  is called:

Quizplus · Accepted Answer

Joint liability treats all partners equally as a group in legal action, meaning that creditors or plaintiffs can take action against any one or all of the partners for the entire amount of the partnership's debts or obligations. Joint and several liability, on the other hand, allows the creditor or plaintiff to take action against any one partner individually or all partners as a group for the entire amount of the partnership's debts or obligations. Limited liability is a characteristic of a different type of partnership, whereas accrued and general liability are not legal terms used in partnership law.

In a General Partnership, Legal Action That Treats All Partners