Claudia Invested $50,000 Cash in the C&S General Partnership and Received

question 55

Multiple Choice

Claudia invested $50,000 cash in the C&S General Partnership and received a 20% interest.The partnership borrowed $200,000 of full recourse debt from a local bank.Assuming that Claudia is personally liable for $40,000 if the partnership defaults on the loan,what is Claudia's at-risk amount before considering any partnership income or loss?

• A)$50,000.
• B)$40,000.
• C)$0.
• D)$90,000.

---

Definitions:

E-Mail Messages

Digital communications sent electronically via a network, commonly through the internet, from one person or entity to another.

Good Online Manners

The practice of polite and respectful behavior in digital communications and social media interactions.

Netiquette

The set of informal rules and conventions governing social interaction and behavior on the internet or within digital communications.

Labyrinth

A complex and intricate network of paths or passages, often designed as a puzzle or to confuse those navigating through it.