Final answer:
Yes, partnership liabilities can apply to torts committed by a partner on behalf of the partnership. Each partner is considered an agent of the partnership and can bind it to legal liabilities. Limited liability protects the personal assets of partners, but the partnership is still accountable for its partners' tortious actions.
Step-by-step explanation:
Yes, partnership liabilities can apply to torts committed by a partner on behalf of the partnership. In a partnership, each partner is considered an agent of the partnership and can bind the partnership to contractual obligations or legal liabilities. This includes liabilities arising from torts, which are wrongful acts that result in injury or harm to another individual or their property.
For example, if one partner negligently causes harm to a third party while acting within the scope of the partnership's business, the partnership can be held liable for the damages caused by that partner's tortious conduct.
It's important to note that the concept of limited liability in a limited liability partnership (LLP) still applies, meaning that partners' personal assets are generally protected from partnership liabilities, but the partnership as a whole can still be held accountable for the tortious actions of its partners.