The partnership allocates recourse debt among the partners according to the "constructive liquidation scenario."

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In a partnership, recourse debt is typically allocated among partners according to the constructive liquidation scenario, which assumes that all assets are sold at fair market value and all liabilities are paid off in full. This allocation method helps ensure that each partner's share of the partnership's obligations is fairly represented.

The Partnership Allocates Recourse Debt Among the Partners According to the "Constructive