CILEX CPQ A8 Business & Employment Law Practice Questions - CILEX CPQ Advanced Stage A8 Business & Employment Law Exam

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Under section 9 of the Partnership Act 1890, what is the liability of partners for debts and obligations incurred by the firm while they are partners?

Joint liability Several liability only Limited liability up to £10,000 No personal liability if the debt was incurred by another partner

Correct Answer:

Joint liability

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