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Bill, Dana, and Carol are partners. After five years of operation, the partnership has debts of $4,500,000.Bill and Dana have no assets.If Carol has personal

  1. Bill, Dana, and Carol are partners. After five years of operation, the partnership has debts of $4,500,000.Bill and Dana have no assets.If Carol has personal funds in excess of $4,500,000, she will be completely responsible for the debts of the partnership.True or False

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