Advertisements
Advertisements
प्रश्न
What is meant by Joint and Several Liability?
टिप्पणी लिखिए
उत्तर
Every partner is jointly and severally liable for all acts of the firm. It means that in case the assets are inadequate for meeting the claims of creditors, even their personal properties should be made available. The creditors can recover their claims from all the partners.
shaalaa.com
Rights and Duties of Partners
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
