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Which of the Following Is NOT True About Partnerships

Question 7

Multiple Choice

Which of the following is NOT true about partnerships?


A) Personal creditors of the individual partner have first call against partnership assets.
B) A partnership is sometimes treated as a separate entity.
C) A partnership may be sued in the firm's name,and,upon exhaustion of assets,the plaintiff may now go after the personal assets of any of the partners.
D) Dower rights do not apply to partnerships.
E) Generally,a person is liable only for the obligations of a partnership created while she or he is a member of the firm.

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