Which partners can be held liable for the debts of MARK Company after exhausting its assets?

Prepare for the Partnership Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

In a general partnership, all partners are typically jointly and severally liable for the debts and obligations of the partnership. This means that each partner can be held fully responsible for the partnership's liabilities, including debts that arise when the partnership's assets are insufficient to cover those obligations.

In this context, if Kanapi is an industrial partner, they can still participate in the partnership's business affairs, but it does not exempt the entire partnership from liability when it comes to debts. All partners, regardless of whether they are capital partners or industrial partners, can be held liable for the debts of MARK Company once its assets have been exhausted. This inherent liability is a fundamental principle of partnership law, which aims to protect creditors by allowing them to seek recovery from any partner.

Given that the question specifies the scenario in which the company's assets are exhausted, it further emphasizes that all partners, including Kanapi, are liable for the debts incurred by the partnership. Consequently, the accurate choice stating that all partners are liable aligns with the established legal principle governing partnerships and their obligations.

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