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Paul is driving a truck delivering goods for his partnership when he negligently backs into a customer's new car. The customer sues the partnership and recovers $11,000 in damages. What liability do the other partners have for Paul's actions?

a. No liability.
b. Liability based on their capital contributions.
c. Individual liability but not joint liability.
d. Joint and several liability

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anthougo

Answer:

The liability that the other partners have for Paul's actions:

a. No liability.

Explanation:

The customer sued and recovered $11,000 from the partnership and not from Paul.  The other partners are not owing Paul.  The partnership has borne the damages claimed by the customer.  They would have owed joint and several liability if the customer sued and recovered the damages from Paul, as an individual partner.  The loss from the damages paid will be borne by all the partners, since it would be deducted from their business income.  After all, the loss was incurred in the course of the partnership business.

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