Under the Uniform Partnership Act (1997), general partners are personally liable for partnership obligations.

Under the Uniform Partnership Act (1997), general partners are personally liable for partnership obligations.

• A. Jointly and severally liable for all partnership obligations.
• B. Liable only for capital contributions.
• C. Not personally liable; the partnership is solely liable.
• D. Only for obligations incurred after admission of a new partner.

Answer: (A)

General partners have personal liability for the debts and obligations of the partnership, and under the Uniform Partnership Act (1997) that liability is joint and several. This means creditors can pursue any one partner for the full amount, and that partner can seek contribution from the other partners. So the correct statement reflects that personal, cross-collateralizable liability for all partnership obligations. It isn’t limited to capital contributions, it isn’t eliminated for the partners in favor of the partnership alone, and it isn’t restricted to obligations incurred only after a new partner joins.

General partners have personal liability for the debts and obligations of the partnership, and under the Uniform Partnership Act (1997) that liability is joint and several. This means creditors can pursue any one partner for the full amount, and that partner can seek contribution from the other partners. So the correct statement reflects that personal, cross-collateralizable liability for all partnership obligations. It isn’t limited to capital contributions, it isn’t eliminated for the partners in favor of the partnership alone, and it isn’t restricted to obligations incurred only after a new partner joins.