In a General Partnership, Each Partner Is Personally Liable For

question 39

Multiple Choice

In a general partnership, each partner is personally liable for:

• A)only the partnership debts that he or she personally created.
• B)his or her proportionate share of all partnership debts regardless of which partner incurred that debt.
• C)the total debts of the partnership, even if he or she was unaware of those debts.
• D)the debts of the partnership up to the amount he or she invested in the firm.
• E)all personal and partnership debts incurred by any partner, even if he or she was unaware of those debts.

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Definitions:

Positively Charged

Describes atoms or molecules that have more protons than electrons, resulting in a net positive electrical charge.

Electrically Neutral

A condition where an object or system has an equal number of positive and negative charges, leading to no net electrical charge.

Depolarization

A reversal in the electrical potential across a cell's plasma membrane, leading to the initiation of an action potential or nerve impulse.

Sodium Ions

Positively charged atoms of sodium, crucial for maintaining fluid balance and transmitting nerve impulses in the body.