hi
Plz tel the liabilities of active, sleeping and nominal partner
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liability of partners
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In a partnership firm (provided it is not LLP), there is unlimited liability of partners for the debts and liabilities of the firm. Any partner can bind the firm and the firm is liable for all liabilities incurred by any firm on behalf of the firm. If property of partnership firm is insufficient to meet liabilities, personal property of any partner can be attached to pay the debts of the firm.
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