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In a General Partnership, Each Partner Is Personally Liable For

Question 34

Multiple Choice

In a general partnership, each partner is personally liable for:


A) only the partnership debts that he or she personally created.
B) his or her proportionate share of all partnership debts regardless of which partner incurred that debt.
C) the total debts of the partnership, even if he or she was unaware of those debts.
D) the debts of the partnership up to the amount he or she invested in the firm.
E) all personal and partnership debts incurred by any partner, even if he or she was unaware of those debts.

Correct Answer:

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