Liability of a partner in a partnership firm is _______________

Unlimited

The correct answer is option 1- Unlimited.

Liability of a partner in a partnership firm is unlimited.

Each partner is liable jointly with all the other partners and also severally to the third party for all the acts of the firm done while he is a partner. Not only that the liability of a partner for acts of the firm is also unlimited. This implies that his private assets can also be used for paying off the firm’s debts.