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What is the RUPA rule for general partner liability to partnership obligations?

User CivFan
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Final answer:

Under the RUPA rule, each general partner is jointly and severally liable for debts and obligations of the partnership, meaning any partner can be pursued for the entire debt, and partners are liable for wrongful acts or breaches of trust within the partnership.

Step-by-step explanation:

The RUPA rule for general partner liability to partnership obligations is that each general partner is jointly and severally liable for debts and obligations of the partnership. This means that creditors can pursue any single partner for the entire debt owed by the partnership, and it is then up to that partner to seek contribution from the other partners. Additionally, under RUPA, general partners are liable for wrongful acts or omissions, and for any breaches of trust by another partner if the act was in the ordinary course of the business of the partnership or with the authority of the partnership.

User Daniel Robertson
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