surely...
indian law gives both the partners same equality as per the organizations regestration nomes
Any general partner is jointly and severally liable for all debts of the general partnership; limited partners are not liable. This means that all general partners are equally liable for partnership debts and any creditor can go after any of the partners to collect. Limited partners are not liable beyond their contributions.
Yes, All the hospital staff's are liable for medical negligence.
Some advantages of a partnership business is that the gains and losses are shared, you share the resposibilities, and it's easy to set up. But some disadvantages to a partnership business is that each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts, there is a risk of disagreements and friction among partners and management, and each partner is an agent of the partnership and is liable for actions by other partners
Under traditional partnership firm, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner. Under LLP structure, liability of the partner is limited to his agreed contribution. Further, no partner is liable on account of the independent or un-authorized acts of other partners, thus allowing individual partners to be shielded from joint liability created by another partner's wrongful acts or misconduct.
DAO
A partnership is a legal term to define a joint venture of 2 or more persons. In a partnership all of the partners are jointly and severally liable for any losses. In this type of arrangement each partner can be forced to pay for all of any debts. They would then have the option of going after the other partners for their pro-rata share of the debt. In a limited partnership the only entity liable for the debts is the "general partner". The general partner can be either a person or another partnership or corporation. In a corporation the corporation is the only entity liable for debts. The owners are not liable. The corporation is a fictional "person" in the eyes of the law.
It depends. Often health-care professionals, because of their expertise, the interpersonal risks they take, and the ethical duties imposed upon them by their profession, become liable for negligence only at a higher standard; that is they may only be liable for gross negligence or at least less liable for ordinary negligence.
Their liabilities. A limited partner is only liable on the extent of his contributed capital. While a general partner can be liable on the extent of his personal assets. A general partnership has unlimited liability for all partners while a limited partnership has limited liability. Every partner in a general partnership is fully responsible for the business's debts. -Apex
Yes, they could be held liable, but only if the negligence is contributable to a loss
They bear no presumption of negligence and are only liable for the dollar value of the erroneous payment that is attributable to their actions.
an individual can not be held liable for crimes committed by their partner, as long as there was no agreement to commit the crime, or participation in the crime on the individuals behalf
A California domestic partnership is the equivalent of marriage in every way, except that it is not called a marriage. Yes. One domestic partner is legally liable for debts incurred by the other, even if the account bears only the other partner's name. Because you are potentially liable to pay any delinquent debt, a judgment could be issued against you and that would show up on your credit report.