Which of the following statements is true with respect to the obligations in a partnership relationship?
A) In the absence of agreement to the contrary, when one of the partners is injured, the partnership is dissolved.
B) In the absence of agreement to the contrary, the partnership is dissolved when one of the partners serves the others with notice to the effect that he wishes to continue.
C) When a partnership is dissolved, each partner can only be forced by a creditor to pay a portion of the debt equal to his share of the capital contributed.
D) When one of the partners owes a personal debt not associated with the partnership, that creditor has a claim on his portion of the assets of the partnership.
E) A partnership can be dissolved only by court order.

Question

Quizplus · Accepted Answer

In a partnership, if a partner has a personal debt not related to the partnership activities, the creditor can make a claim against that partner's share of the partnership assets. This does not affect the partnership's obligations as a whole but allows the creditor to seek repayment from the individual partner's interest in the partnership.

Which of the Following Statements Is True with Respect to the Obligations