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Denise, is a 50% owner of a partnership. The business takes a Wells Fargo loan out where the owners bear the economic risk of loss
Denise, is a 50% owner of a partnership. The business takes a Wells Fargo loan out where the owners bear the economic risk of loss based on their ownership percentage. If the loan is $1,000,000, what type of liability does Denise bear? Nonrecourse Liability Economic Risk Liability Recourse Liability Wells Fargo Liability
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