What Is the Preferred Method of Resolving a Partner's Deficit

question 18

Multiple Choice

What is the preferred method of resolving a partner's deficit balance, according to the Uniform Partnership Act?

• A) Partners never have a deficit balance.
• B) The other partners must contribute personal assets to cover the deficit balance.
• C) The partnership must sell assets in order to cover the deficit balance.
• D) The partner with a deficit balance must contribute personal assets to cover the deficit balance.
• E) The partner with a deficit balance contributes personal assets only if those personal assets exceed personal liabilities.

---

Definitions:

Extracellular Matrix

A complex network of proteins and carbohydrates surrounding cells, providing structural and biochemical support to the surrounding cells.

Ground Substance

The unstructured material that fills the space between the cells and contains the fibers in connective tissue.

Connective Tissue

Tissue that supports, binds together, and protects organs in the body, consisting of various cell types within an extracellular matrix.

Heparin

A medication and naturally occurring substance that prevents blood from clotting, commonly used in medical settings.