Multiple Choice
In the context of a partnership, 'joint and several liability' means that:
A) The partners can only be sued separately if action against the firm fails.
B) The partners can be sued collectively in the name of the firm or individually in their own name.
C) Any legal action must name the firm and each partner individually.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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