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Question #77423

Civil Engineering

In case of bankruptcy of a partnership________________?

Options:

A) The partners are not liable for the liabilities of the partnership

B) The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

C) The partners personal assets are attached to the debt of the partnership

D) The partners nay sell stock to generate additional capital

Answer: In case of bankruptcy of a partnership The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities.

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