Answer the Following: A. What Is the Liability of the Partnership for Contracts

question 14

Essay

Answer the following:
a. What is the liability of the partnership for contracts regarding partnership business?
_{Under the RUPA, what is the liability of the partnership for torts committed while a partner is}
b. acting in the ordinary course of partnership business? How does this compare to the liability of a principal under respondeat superior? Explain.
_{Under the UPA, partners are jointly liable on all partnership debts and contracts.}

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Definitions:

Opposing Argument

A statement or viewpoint that conflicts with or counters another argument or proposition.

Alternative Response

A different or non-traditional reaction or solution to a given situation or problem.

Minds

The elements of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Physical Things

Objects that exist in space and time, possessing material substance and can be perceived by the senses.