A partner is responsible for his/her own actions, but not for actions taken by another partner on behalf of the partnership.

Answer the following statement true (T) or false (F)


False

Unlike corporate stockholders, the owners of proprietorships and partnerships are personally liable for actions they take in the name of their companies. In fact, partners are responsible not only for their own actions but also for those taken by any other partner on behalf of the partnership.

Business

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