Question
No need for explanation, just the right answer: Chasca is one of three limited partners in a limited partnership. Each limited partner made a capital
No need for explanation, just the right answer:
Chasca is one of three limited partners in a limited partnership. Each limited partner made a capital contribution of $90,000. If the partnership becomes insolvent, what is Chasca's personal liability for the partnership's outstanding obligations?
Group of answer choices
She is responsible to pay for any outstanding debt.
She and the other two partners, Metis and Kronos, are equally responsible to pay for any outstanding debts.
She is a limited partner and has no liability.
$90,000: Chasca's capital contribution
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