Multiple Choice
'Joint and several liability' of partners means that if a third party sues one partner and recovers some but not all of the full amount of the debt they can:
A) obtain a floating charge over the assets of the partnership.
B) sue the other partners for the balance.
C) sue the partnership for the balance.
D) seek punitive damages and compounding interest.
Correct Answer:

Verified
Correct Answer:
Verified
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