Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for Group of answer choices only the contractual obligations. all of the obligations, jointly but not severally. nothing. all of the obligations, jointly and severally.

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17-05-2022
Business

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Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for Group of answer choices only the contractual obligations. all of the obligations, jointly but not severally. nothing. all of the obligations, jointly and severally.

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suchetasVT suchetasVT · Answer 1 · 2022-05-27T14:25:58+02:00

In partnership obligations that Olivia does not participate in or ratify, she would be liable for all obligations, jointly and severally.

What do you know about partnership agreement?

An agreement among or extra commercial enterprise companions. The companions use the settlement to define their rights responsibilities, earnings, and loss distribution is referred to as a Partnership Agreement.

Hence, In Partnership obligations that Olivia does not participate in, or ratify, she would be liable for all of the obligations, jointly and severally.

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