Under the RUPA, the partners are jointly and severally liable for all contract obligations of the partnership.

Name: Under the RUPA, the partners are jointly and severally liable for all contract obligations of the partnership.
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

Under the Revised Uniform Partnership Act (RUPA), partners are jointly and severally liable for all contract obligations of the partnership, as well as for any other liabilities of the partnership, unless otherwise agreed upon in the partnership agreement.

Under the RUPA, the Partners Are Jointly and Severally Liable