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The Pratt-Logan partnership is terminated when creditor claims exceed partnership assets by $40,000. Logan is a millionaire and Pratt has no personal assets. Pratt's partnership

The Pratt-Logan partnership is terminated when creditor claims exceed partnership assets by $40,000. Logan is a millionaire and Pratt has no personal assets. Pratt's partnership interest is 75% and Logan's is 25%. Creditors

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