If the Bank Loan Cannot Be Paid Off After Sale

question 47

Multiple Choice

If the bank loan cannot be paid off after sale of the partnership assets, who is liable for the remainder of the loan?

• A) No one is liable for the remainder of the loan because the partnership is dissolved.
• B) The debt is automatically split between Ava and Hiro.
• C) All three partners equally, but Ava may not pay Milton's share of the debt.
• D) All three partners equally, but Ava may pay Milton's share of the debt.
• E) Ava, if she continues the partnership after dissolution.

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Definitions:

Cranial Sutures

The fibrous joints between the bones of the skull that allow for brain growth in infants and become less prominent over time.

Basilar Portion

Refers to the base or bottom part of a structure; in anatomy, often used to describe the base of the brain or skull.

Obtunded

A state of consciousness characterized by reduced alertness and a dull awareness of the environment, often seen in medical conditions.

Vigorous Stimulation

Intense or forceful actions or interventions aiming to elicit a response, typically used in emergency or therapeutic contexts.