'Joint and Several Liability' of Partners Means That If a Third

question 2

Multiple Choice

'Joint and several liability' of partners means that if a third party sues one partner and recovers some but not all of the full amount of the debt they can:

• A)Obtain a floating charge over the assets of the partnership.
• B)Sue the other partner for the balance.
• C)Sue the partnership for the balance.
• D)Seek punitive damages and compounding interest.

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Definitions:

Angelman Syndrome

A genetic disorder causing developmental delays and neurological problems, often characterized by smiles, laughter, and an excitable demeanor.

Epigenetic Inheritance

Inheritance that involves changes in how a gene is expressed without any change in that gene’s nucleotide sequence.

Chromosome 15

A specific chromosome in humans that carries genetic information, including genes associated with various disorders and physical traits.

Repressible Genes

Genes that can be turned off by the products of other genes in response to certain conditions.