In terms of liability, partners in a partnership are considered to be:

In a partnership, the concept of joint and several liability means that each partner is individually responsible for the total amount of the partnership's debts as well as collectively responsible with the other partners. This implies that a creditor can pursue any one partner for the entire debt, regardless of that partner’s share in the partnership.

This structure encourages transparency and accountability among partners, as each partner has a vested interest in the partnership's financial health. It also means that if one partner cannot pay their share, others may have to cover the shortfall. This principle applies to obligations arising from the business activities of the partnership, which includes contracts, debts, and torts.

Understanding this aspect of liability is critical, as it highlights the importance of choosing partners wisely and maintaining good practices in managing partnership affairs, since the actions of one partner can have financial repercussions for others.