In case of bankruptcy of a partnership________?

2900Civil EngineeringMedium

AThe partners nay sell stock to generate additional capital

BThe partners are not liable for the liabilities of the partnership

CThe partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

DThe partners personal assets are attached to the debt of the partnership

Correct answer

C. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

Explanation

The correct answer is The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities.

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