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 RUPA, partners have joint and several liability for all contract obligations of the partnership. This means that each partner is individually responsible for the full amount of the obligation, and all partners together are responsible for the full amount as well.

Under the RUPA, the Partners Have What Type of Liability