MCQOPTIONS
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| 1. |
In case of bankruptcy of a partnership, |
| A. | The partners are not liable for the liabilities of the partnership |
| B. | The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities |
| C. | The partners personal assets are attached to the debt of the partnership |
| D. | The partners nay sell stock to generate additional capital |
| Answer» C. The partners personal assets are attached to the debt of the partnership | |