In a general partnership:
A) Each partner is personally responsible for all of the firm's debt.
B) Each partner is responsible only for his/her portion of the firm's debt based on ownership percentage.
C) Each partner is liable only for the portion of the total debt he/she agreed in writing to pay.
D) Only the general partner is liable for the firm's debt.
E) None of the partners are personally liable for the firm's debt.
Correct Answer:
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