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      Question

      What is the liability of partners in a general

      partnership under the Partnership Act?
      A Limited liability Correct Answer Incorrect Answer
      B Unlimited liability Correct Answer Incorrect Answer
      C Joint liability Correct Answer Incorrect Answer
      D Several liability Correct Answer Incorrect Answer

      Solution

      Explanation: In a general partnership, partners have unlimited liability. This means that each partner is personally liable for all the debts and obligations of the firm, even if they were incurred by another partner.

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