Liabilities of general partners to third parties Flashcards

1
Q

each general partner is personally liable for…

A

co-partner’s torts

all debts of the partnership

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2
Q

dissociating (withdrawing) partner’s liability for subsequent debts: dissociating partners retain liability and future debts until..

A

actual notice of their dissociation is given to creditors

or until 90 days after filing notice of dissociation with state

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