If a partner is unable to cover a deficiency and the other partners absorb the deficiency, then the partner with the deficiency is thus relieved of all liability.

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If a partner is unable to cover a deficiency, the other partners may absorb the deficiency, but the partner with the deficiency is not necessarily relieved of all liability. The partnership agreement may dictate how the deficiency will be handled, and the partner with the deficiency may still be liable for any remaining debts or obligations.

If a Partner Is Unable to Cover a Deficiency and the Other