- 1 Marks
Question
When the liability of partners in a partnership is described as several, it means an aggrieved party could sue the partners
A. Jointly
B. Collectively
C. With families
D. With firm only
E. Individually
Answer
E
Explanation: The correct answer is E, Individually. “Several” liability means each partner can be held responsible for their own actions, allowing an aggrieved party to sue the partners individually rather than jointly.
- Tags: Aggrieved Party, Legal Terminology, Liability, Partnership, Several Liability
- Level: Level 1
- Topic: Partnership Law
- Series: MAR/JULY 2020
- Uploader: Theophilus