The answer to your question depends on the specific circumstances of your situation, including the laws and legal precedents applicable in the relevant jurisdiction. Generally speaking, however, you may be held accountable for financial decisions made by a former business partner if those decisions were authorized or approved by you. Additionally, even if such decisions were not specifically authorized or approved by you, depending on the facts and circumstances of your particular case – such as whether you had knowledge or awareness of any wrongdoing – a court may still hold you liable under theories of liability like “joint and several” liability which allows a party to collect damages from either one party or all parties jointly responsible for an injury.
It is important to note that there are many potential exceptions and limitations that could apply in this context so please consult with an attorney licensed in your jurisdiction before taking any action related to a dispute involving financial decisions made by a former business partner. An attorney can review all relevant documents relating to the matter and provide advice tailored for your specific personal situation regarding potential liabilities stemming from the actions taken by said former business partner.
By