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

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In a partnership, each partner is jointly and severally liable for the actions of the other partners if those actions are within the scope of the partnership's business. This means that A would be liable for the full $9,000 to the outside party due to his fraudulent act, not just his share of the loss. However, internally, the partnership agreement might require A to compensate B and C for their portions of the loss, but to the external party affected by the fraud, A is liable for the entire amount.

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