In a partnership of A, B, and C, A commits fraud which creates a $9,000 liability to the partnership.If the three partners share profits and losses equally, A's liability to the partnership for his fraudulent act is $3,000.

Question

Quizplus · Accepted Answer

A's liability for his fraudulent act is not limited to his share of the partnership. He is responsible for the entire $9,000 liability caused by his fraud.

In a Partnership of A, B, and C, a Commits