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Which of the following is true about liability of partners in a general partnership? (5pts) Question 6 - Which of the following is true about
Which of the following is true about liability of partners in a general partnership?
(5pts)
Question 6 - Which of the following is true about liability of partners in a general partnership?
Partners personal assets, which are not associated with the partnership, may not be claimed by creditors | |
From a creditor's perspective, the liability of each partner extends only to a pro rata share | |
Partners have limited liability for the organization's debts | |
A partner having unlimited liability will be jointly and severally liable for the partnership's obligations |
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