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In the case of recourse debt, if the partnership defaults and the collateral is insuffi cient to satisfy the debt or if no property is
In the case of recourse debt, if the partnership defaults and the collateral is insuffi cient to satisfy the debt or if no property is pledged as collateral on the debt, the lender can go after the partnership assets (and assets of the general partner) to satisfy the debt
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
