If the partnership is bound by a contract,then each general partner has unlimited personal liability for that obligation.

Name: If the partnership is bound by a contract,then each general partner has unlimited personal liability for that obligation.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

If the partnership is bound by a contract, each general partner is personally liable for the partnership's obligations. This means that their personal assets could be used to satisfy the partnership's debts or obligations.

If the Partnership Is Bound by a Contract,then Each General