Which of the following is correct with respect to the law of partnership?
A) A partnership cannot be created inadvertently.
B) Joint and several liability means that each partner can be sued several times.
C) Each partner is vicariously liable for the wrongful acts of their partners committed in the course of the partnership business.
D) Partners are only liable for the torts of their partners if they in fact knew that the wrongful conduct was taking place.
E) Partners have unlimited liability, meaning that they can lose up to the amount they have invested in the business.

Question

Quizplus · Accepted Answer

C is correct because in a partnership, each partner is vicariously liable for the wrongful acts or omissions of any other partner if such acts or omissions occur in the ordinary course of the partnership business or with the authority of their co-partners. This means that a partner can be held responsible for the actions of another partner if those actions are related to the partnership's business, even if they were not directly involved.

Which of the Following Is Correct with Respect to the Law