Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for

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laneycasey6495 laneycasey6495

22-04-2022
Business

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Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-04-25T11:21:12+02:00

In the partnership, Olivia does not participate in, know about, or ratify, she would be liable for all of the obligations jointly and severally.

What is partnership?

It should be noted that partnership simply means a business agreement between two or more people to achieve a common goal.

In this case, in the partnership, Olivia does not participate in, know about, or ratify, she would be liable for all of the obligations jointly and severally.

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