menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law in Canada Study Set 1
  4. Exam
    Exam 11: Agency and Partnership
  5. Question
    Partners Can Agree Among Themselves as to What Portion of Liability
Solved

Partners Can Agree Among Themselves as to What Portion of Liability

Question 144

Question 144

True/False

Partners can agree among themselves as to what portion of liability they each will bear,and their losses will be limited to that portion when being sued by outsiders.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Ratification of a contract can take place

Q46: Information that comes to the agent because

Q67: Three students in a business faculty created

Q104: Distinguish between an agent and an employee.

Q113: List three duties that an agent has

Q115: The unlimited liability of partners means that

Q139: Chuck,Howard,and Ben decide to go into a

Q142: With respect to ratification,which one of the

Q148: Norma and Janet decided to form a

Q177: Which of the following is correct with

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines