Assertion: partnership's liability | /r/HasProperty | joint
Facets:
Source sentences:
text: The general partner(s) are responsible for managing the company and have the same responsibilities and rights as the partners in a general partnership, which includes joint and several liability.
text: Unlike corporations, which help to shield owners from liability, partnerships have both joint and individual liability.
text: To give a clear example, where one partner acts negligently and there is no indemnity insurance (or the indemnity insurer refuses to cover the loss), the liability of all partners will be joint and several: s.16.