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In the last step of the recourse debt constructive termination analysis, we analyze each partner's obligation to make a (i) net payment to a creditor
In the last step of the recourse debt constructive termination analysis, we analyze each partner's obligation to make a (i) net payment to a creditor or a (ii) net contribution to the partnership. If there are such obligations, the debt is: Select one: recourse and the partner's share of such debt is measured by obligation to make the net payment/net contribution. nonrecourse and the partner's share of such debt is measured by obligation to make the net payment/net contribution. recourse and the partner's share of such debt is evenly shared with each of the partners. nonrecourse and the partner's share of such debt is evenly shared with each of the partners. None of the above.
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