Q
In case of bankruptcy of a partnership________________?
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A
A. The partners are not liable for the liabilities of the partnership
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B
B. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
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C
C. The partners personal assets are attached to the debt of the partnership
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D
D. The partners nay sell stock to generate additional capital
Correct Answer:
B. B. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
