Under the Doctrine of Marshaling of Assets, Unsatisfied Partnership Creditors

question 44

Multiple Choice

Under the doctrine of marshaling of assets, unsatisfied partnership creditors

• A) must first proceed against the partner with the largest capital balance.
• B) may attach to the assets of an individual partner before individual creditors have been satisfied.
• C) may proceed against any personally solvent partner.
• D) may proceed against any personally solvent partner but only to the extent of their capital balance in the partnership.

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Definitions:

Entrepreneurship

Engaging in the creation of a business or multiple businesses, undertaking economic risks in anticipation of making a profit.

Skills

The ability, coming from one's knowledge, practice, aptitude, etc., to do something well.

Corporate Entrepreneurs

Individuals within a large company who develop new ideas, products, or business models, effectively acting as entrepreneurs within the corporate structure.

Entrepreneurs

Individuals who, recognizing opportunities, take on the financial risk of starting and managing a new business venture.