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23 August, 01:38

If one owner of a partnership makes a bad decision that ends up in the business being sued then what happens

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  1. 23 August, 01:39
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    all partners face unlimited liability.
  2. 23 August, 01:44
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    Answer: The partners in the business would all be liable for any losses or debts.

    Explanation: A partnership business is not a"legal entity" which means the business does not have it's own personal identity. Any case of debt or losses resulting from a law suit would be borne by all the individual partners. Also, each partner is empowered to act as an agent for the partnership, that is, he/she can enter into contracts or agreements on behalf of the partnership business. By virtue of this, every other partner is bound by the actions of the erring partner.
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