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Rolley Gardner and Mavis Stone were general partners in the R&M Banquet Service. Because of bad business sense on Rolley's part, the business folded leaving
Rolley Gardner and Mavis Stone were general partners in the R&M Banquet Service. Because of bad business sense on Rolley's part, the business folded leaving $ in outstanding debts. In paying off these debts:
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neither partner is liable since the business has folded.
Rolley is totally responsible since he caused the failure.
both Rolley and Mavis are responsible for the firm's debts.
Mavis must continue working the business until the debts are paid.
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