Partner liability: partners are jointly and severally responsible for the firm's acts toward third parties. Section 25 provides that each partner is liable jointly with all other partners and also severally for all acts of the firm done while he is a partner, making partners personally answerable to third parties for obligations arising during their partnership.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Partner liability: partners are jointly and severally responsible for the firm's acts toward third parties.
Section 25 provides that each partner is liable jointly with all other partners and also severally for all acts of the firm done while he is a partner, making partners personally answerable to third parties for obligations arising during their partnership.
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