2. Liabilities of General Partners to Third Parties

Question 1

Is a general partner liable for the torts of another?

Answer 1

The general partnership is liable for each partner’s torts in the scope of partnership business and for each partner’s authorized contracts.

Question 2

Liability of a general partner

Answer 2

Each General Partner is Personally Liable for All Debts of the Partnership and for each co-partner’s torts

Question 3

Incoming partner’s liability for pre-existing debts

Answer 3

As a rule, incoming partners are generally not liable for those prior debts, but any money paid into that partnership can be used to satisfy those prior debts.

Question 4

Dissociating (withdrawing) partner’s liability for subsequent debts

Answer 4

A dissociating partner retains liability on future debts until
1. Actual notice of their disassociation is given to all know creditors, and

2. Publication notice is given to all potential creditors

Question 5

General Partnership Liability by Estoppel

Answer 5

One who represents to a third party

that a general partnership exists will be liable as if a general partnership exists.