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What happens if a partner becomes bankrupt? Group of answer choices An individual cannot be a partner while bankrupt. Bankruptcy might even end the partnership

What happens if a partner becomes bankrupt?

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An individual cannot be a partner while bankrupt. Bankruptcy might even end the partnership in the absence of a partnership agreement

If a partner is bankrupted, the other partners will be held liable to the creditors of that bankrupt

A bankrupt partner can continue to be a partner but cannot manage the partnership

A bankrupt partner is not permitted to make contracts on behalf of the partnership while they are bankrupt

 


 

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