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What is the liability of the partners to the outsiders for contracts and torts? Which of the following is correct? partners are liable for each
What is the liability of the partners to the outsiders for contracts and torts? Which of the following is correct?
- partners are liable for each other for contracts and torts, but can claim the defence that each partner must be liable equally, even when one partner cannot be found.
- the partners are said to be jointly liable for contracts with several liability for serious matters such as torts, whereby partners are individually and jointly liable for a wrong.
- partners cannot be individually liable for any contract or tortuous liability, a litigant can only sue the partnership as a whole.
- partners are not liable to outsiders where the partnership agreement has been breached by a particular partner.
which option is right?
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