Elise and Flair are partners in Gourmet Cupcakes,a new general partnership and business enterprise.As general partners,Elise and Flair are subject to liability that is
A) limited to the amount of their investment in Gourmet Cupcakes.
B) limited to the deductible on Gourmet Cupcakes's insurance policy.
C) limited to the extent that Elise and Flair believe to be reasonable.
D) not limited with respect to Gourmet Cupcakes's obligations.
Correct Answer:
Verified
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