Under the RUPA, the partners have what type of liability for all contract obligations of the partnership?
A) Joint.
B) Joint and several.
C) Several.
D) No.

Question

Quizplus · Accepted Answer

Under the Revised Uniform Partnership Act (RUPA), partners have joint and several liability for the contract obligations of the partnership, meaning each partner is individually liable for the entire obligation.

Under the RUPA, the Partners Have What Type of Liability