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

Correct Answer: The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

Bissoy MCQ
#Civil Engineering #Engineering Economics

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