State the liability of Fi for the partnership's debts
【参考答案及解析】
Because both the overdraft and contract for the books are binding on the partnership all three partners are personally liable if the partnership does not have sufficient funds to pay them. Fi is jointly liable for the debts of the partnership to the third parties. However as the partnership agreement limits her liability to £100,000 she will be able to claim any amount over this from Chi and Di.
Because both the overdraft and contract for the books are binding on the partnership all three partners are personally liable if the partnership does not have sufficient funds to pay them. Fi is jointly liable for the debts of the partnership to the third parties. However as the partnership agreement limits her liability to £100,000 she will be able to claim any amount over this from Chi and Di.