Partners Are Generally Liable for the Torts Committed by Another

question 34

True/False

Partners are generally liable for the torts committed by another partner in the ordinary course of the business.Furthermore,each partner is jointly liable for the debts and obligations of the firm.A Limited Liability Partnership (LLP)limits a partner's liability as a result of the negligent acts or omissions of another partner.

---

Definitions:

Job Security

The probability that an individual will retain their employment position without the risk of becoming unemployed.

Organizational Culture

The system of shared beliefs, values, customs, behaviors, and artifacts that the members of an organization use to cope with their world and with one another.

Employee Preferences

The various desires or priorities of employees, such as work conditions, benefits, and job roles.

Clan Cultures

Describes organizational cultures emphasizing family-like values, where loyalty, tradition, and personal relationships are paramount.