In a general partnership if ones partners actions cause the firm losses then

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Browning

Biology

20 November, 15:35

In a general partnership if ones partners actions cause the firm losses then

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Maryjane Howe · Answer 1

If a partnership is formed and one partner causes losses then both sides suffer.

Think of it like sharing a toy. If two kids are sharing a toy and one breaks the toy, then neither can use it. It's similar in this manner that if one partner makes a mistake then the entirety of the firm will suffer losses on both sides.