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Brothers Inc,, a partnership, consisted of three partners Jessie, Mark, and Jake. However, Jessie was declared bankrupt at a time the company suffered considerable losses.
Brothers Inc,, a partnership, consisted of three partners Jessie, Mark, and Jake. However, Jessie was declared bankrupt at a time the company suffered
considerable losses. Which of the following is likely to be true?
a Jessie is automatically exempt from partnership liabilities.
b Jake and Mark can enforce liability on Jessie.
c Jessie can continue to be a partner in the firm
d Jake and Mark can declare the firm bankrupt.
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