Which of the Following Is NOT True About Partnerships

question 16

Multiple Choice

Which of the following is NOT true about partnerships?

• A) Personal creditors of the individual partner have first call against partnership assets.
• B) Dower rights do not apply to partnerships.
• C) A partnership may be sued in the firm's name and, upon exhaustion of assets the plaintiff may now go against the personal assets of any of the partners.
• D) A partnership is sometimes treated as a separate entity.
• E) Generally, a person is liable only for the obligations of a partnership created while he is a member of the firm.

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