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Who can be liable for partnership debt

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Reference no: EM133229577

PARTNERSHIP LAW [PHILIPPINES]

Please cite provisions or cases.

  1. Who can be liable for partnership debt?
  2. Can the creditor collect only from one of the partners?
  3. What is the recourse of the partner who paid for the partnership debt (voluntarily)?
  4. If liable, to what extent is the liability of each partner?
  5. Can a partnership agreement limit the liability of one of the partners insofar as the third party creditor is concerned?

Reference no: EM133229577

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