The Gorni Chambers and Hale partnership is terminated when the claims of company creditors exceed partnership assets by $100000. The capital balances for Gorni Chambers and Hale are $70000 $10000 and $0 respectively. The original claims of the creditors were negotiated by Chambers and Hale. Which partner(s) is(are) personally and individually liable for all partnership liabilities?

Question

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In a general partnership, all partners are personally and individually liable for all partnership liabilities. This means Gorni, Chambers, and Hale are all responsible for the debts of the partnership, regardless of their individual capital balances or involvement in negotiations with creditors.

The Gorni Chambers and Hale Partnership Is Terminated When the Claims