In a General Partnership,each Partner Is Personally Liable For

question 41

Multiple Choice

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

• A)the partnership debts that he or she 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:

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