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
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