partnership debts
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 228 U.S. 695 - Francis v. McNeal · 1913Most cited · 296 citing opinions
The fact remains as true as ever that partnership debts are debts of the members of the firm, and that the individual liability of the members is not collateral like that of a surety, but primary and direct, whatever priorities there may be in the marshaling of assets.