In the Context of a Partnership,'joint and Several Liability' Means

question 27

Multiple Choice

In the context of a partnership,'joint and several liability' means that:

• A)the partners can only be sued separately if action against the firm fails.
• B)the partners can be sued collectively in the name of the firm or individually in their own name.
• C)any legal action must name the firm and each partner individually.
• D)all of the above.

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Definitions:

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A medical device consisting of a lightweight tube that splits into two prongs to deliver supplemental oxygen through the nostrils.