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Austin has invested $50,000 as one of 5 general partners in a large shopping center that was purchased for $800,000. The shopping center has been
Austin has invested $50,000 as one of 5 general partners in a large shopping center that was purchased for $800,000. The shopping center has been unsuccessful and the partners fear that the property could be foreclosed upon soon. What amount is Austin liable for if the project fails?
$18,000 | ||
$180,000 | ||
$60,000 | ||
$800,000 | ||
$50,000 |
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