Which of the following statements is true of liability of partners in a general partnership?

Multiple Choice

A partner is jointly and severally liable for the partnership's obligations.

Partners have limited liability for an organization's debts.

From a creditor's perspective, the liability of each partner extends only to a pro rata share.

A partner who has to pay beyond his pro rata share will have to make use of his future buyout interest.

Partners' personal assets, which are not associated with the partnership, may not be claimed by the creditors.