With regard to the liability of partners, which of the following is true?
◦ A general partner has limited liability for any loss suffered because of the negligent act (e.g., omission) of one of his partners.
◦ The partnership, and thus the partners, are liable for any loss suffered because of a tort committed by its employee outside the course of his employment.
◦ A limited partner has unlimited liability beyond the amount of his initial investment.
◦ A general partner could not be liable for losses suffered by a client because of misapplication of funds unless he knew about or took part in the misapplication.
◦ A general partner who retires from the partnership by giving notice of his leaving to the other partners could still be found liable for debt pursuant to a contract made when he was a partner.