A partnership can only be held liable for the partners' authorized acts.

Name: A partnership can only be held liable for the partners' authorized acts.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

A partnership can be held liable for both the authorized and unauthorized acts of its partners, as long as they are done within the scope of the partnership's business or apparent authority. This means that each partner has the ability to legally bind the partnership, which can result in joint and several liability for all partners.

A Partnership Can Only Be Held Liable for the Partners