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'Joint and Several Liability' of Partners Means That If a Third

Question 19

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.

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