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'Mutual Liability' in Relation to a Partnership Means That

Question 38

Multiple Choice

'Mutual liability' in relation to a partnership means that:


A) each partner is responsible for their own actions, and is not liable for the actions of the other partners.
B) each partner is personally liable for the whole of the debts of the partnership.
C) each partner is both the principal and the agent of the other partners, and as such is liable for the actions of the other partners.
D) each partner is jointly and severally liable with the other partners for the debts of the partnership.

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