"Joint and several" liability for partnership obligations under RUPA means
A) all partners are equally liable.
B) the partnership as an entity is liable.
C) personal liability only arises by judicial order.
D) all partners are liable, and also each one of them is liable.
E) liability on any partner only arises as a condition subsequent to joint liability.

Question

Quizplus · Accepted Answer

"Joint and several" liability means that all partners are jointly responsible for the partnership obligations and each partner can also be individually responsible for the entire obligation. This means that any partner can be held accountable for the entire debt, not just a portion of it.

"Joint and Several" Liability for Partnership Obligations Under RUPA Means