If a Business Is Not Able to Pay Its Debts

question 37

True/False

If a business is not able to pay its debts, under a general partnership, the debt is transferred to the owners.

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Definitions:

Puncture

A small hole made by a sharp object.

Hyperglycemia

High blood sugar.

Intense Thirst

A strong and persistent desire to drink fluids, often a symptom of dehydration or uncontrolled diabetes.

Myocardial Infarction

A heart attack that occurs when the blood flow to the heart is reduced as a result of blockage in the coronary arteries or their branches.