Which of the following is true about contract liability of general partners?
A) General partners have limited liability for contracts of the partnership.
B) A third party who sues to recover on a partnership contract or debt need not name all the general partners.
C) Releasing a general partner from a lawsuit does not necessarily release all the other partners.
D) A general partner can seek indemnification from the partnership and from those partners who have not paid their share of the loss.
Correct Answer:
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