Partners are not liable to their partnership for losses resulting from:
A)gross negligence.
B)reckless conduct.
C)intentional violation of the law.
D)honest errors in judgment.

Question

Quizplus · Accepted Answer

In transacting partnership business,each partner owes a duty of care.A partner is not liable to her partnership for losses resulting from honest errors in judgment,but a partner is liable for losses resulting from her gross negligence,reckless conduct,intentional misconduct,or knowing violation of the law.

Partners Are Not Liable to Their Partnership for Losses Resulting