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प्रश्न
Liability of Partners of partnership firm is ______
पर्याय
Limited Liability
Unlimited Liability
Can't say
None of these
MCQ
रिकाम्या जागा भरा
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उत्तर
Liability of Partners of partnership firm is Unlimited Liability.
Explanation:
Each partner is jointly and severally liable to all other partners and to a third party for the firm's conduct committed while he is a partner. Not only that, but a partner's culpability for the firm's actions is also limitless. This means that his personal assets can be utilized to pay off the company's debts.
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