If the Partnership Has Debts or Liabilities That CANNOT Be

question 70

True/False

If the partnership has debts or liabilities that CANNOT be paid from partnership assets, any one of the partners may be held personally liable.

---

Definitions:

High Risk

Situations, behaviors, or individuals that are associated with a significant chance of negative outcomes or danger.

Marital Satisfaction

A measurement of the happiness and contentment one feels within their marriage or committed partnership.

Children

Young human beings who are in the early stages of their lives, typically considered from birth until puberty, characterized by rapid growth and development.

Decrease

A reduction in size, quantity, or intensity of something, often measured against a previous standard.