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प्रश्न
In a partnership firm, which of the following statements is true in respect of the liability of a partner?
पर्याय
It is limited to the extent of his capital contribution.
It is limited to the extent of debit balance in his capital account, if any.
It is unlimited only for the acts done by her/him as a partner.
It is unlimited jointly and severally for all the acts of the firm done while he is a partner.
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उत्तर
It is unlimited jointly and severally for all the acts of the firm done while he is a partner.
Explanation:
In a general partnership, a partner’s liability is unlimited, meaning they are personally responsible for all the debts and obligations of the partnership, even if the firm goes bankrupt. This means creditors can pursue the personal assets of the partners to satisfy the debts. Additionally, the liability is “jointly and severally”, meaning each partner is responsible for the entire debt, and creditors can sue any or all of them.
