Q. In case of bankruptcy of a partnership________________?
a. The partners are not liable for the liabilities of the partnership
b. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
c. The partners personal assets are attached to the debt of the partnership
d. The partners nay sell stock to generate additional capital
ANSWER: The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
Answer & Explanation
No explanation is available for this question!
