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The ABC equal limited partnership ( in which A is a general partner and B and C are limited partners ) purchased an apartment building
The ABC equal limited partnership in which is a general partner and and are limited
partners purchased an apartment building for $ by paying $ of cash
contributed equally by the partners to the partnership and financing the balance with a
$ nonrecourse loan secured by the building. Assume that A B and C are all
unrelated and the partnership holds no other assets.
To what extent are each of the partners at risk if the loan is from a commercial bank in which
none of the parties owns an interest? I
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