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| Teaching Since: | May 2017 |
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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
On the flip side, general partners also share certain liabilities. Some of these have been mentioned, but let's have a detailed discussion of liabilities such as contract liability, the liability of incoming partners, and tort liability. For example, let's say that during the scope of the partnership, one partner intentionally causes an injury to a third party. Can the other partners in the partnership be held liable?
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