Even a single partner may be called upon to pay the debts of a partnership firm.
A
Partly true
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B
True
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C
Partly false
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D
False
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Solution
The correct option is C True The statement is true because even a single partner may be called upon to pay the debts of a partnership firm. As per the partnership Act, every partner is liable, jointly with all the other partners and also severally, for all acts of the firm done by them. The Partners will be held personally responsible for another partner's carelessness.