The responsibility of partners in a partnership organization is generally unlimited liability. This means that partners are personally liable for the debts and obligations of the partnership, and creditors can hold each partner responsible for the full amount of the partnership's debts, not just a share limited to their capital contribution
. Specifically:
- In a general partnership , partners have unlimited personal liability for the debts of the business. Each partner can be sued for the entire debt, regardless of who caused it
- This liability is joint and several, meaning creditors can pursue any partner for the full debt amount
- The liability is not limited to the capital invested in the business but extends to partners' personal assets
Therefore, the correct answer is: a. unlimited
