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Brothers Inc

Question 13

Multiple Choice

Brothers Inc., a partnership, consisted of three partners Jessie, Mark, and Jake. However, Jessie was declared bankrupt at a time the company suffered considerable losses. Which of the following is likely to be true?


A) Jessie's unlimited liability is destroyed
B) Jessie can continue to be a partner in the firm.
C) Jake and Mark can enforce liability for partnership debts on Jessie
D) Jessie's trustee must be admitted as a full partner

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