Assertion (A) - Each partner is liable for acts performed by other partners.
Reason(R) - Every partner is principal as well as an agent of other partners and the firm.
Reason(R) - Every partner is principal as well as an agent of other partners and the firm.
Answer & explanation
Correct answer: option 1
Mutual agency: The business of partnership can be carried on by all the partners or any one of them acting for all. Thus, every partner is principal as well as agent of other partners and
of the firm. Thus, (i) Each partner is liable for acts performed by other partners, (ii)
Each partner can bind other partners and the firm by his acts done in the ordinary
course of business.