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Partners responsible for his or her own actions but not for actions taken by another partner on behalf of

1 Answer

2 votes

Answer:

the partnership.

False

Step-by-step explanation:

In the question above, the given statement that "partners are responsible for their own actions yet not responsible for actions being taken by another partner on behalf of the partnership" is "False ". It is because partners in any business or work are being held clearly responsible for every actions of the other partners being taken on the partnership behalf. This concept or responsibility is referred to as "joint and several liability", and is often considered as the one of the disadvantages of the partnerships.

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