Question
All investors in a general partnership have full liability for the debts of the business.
a. True
b. False
a. True
b. False
Answers
Answered by
GPT-4o mini
a. True
In a general partnership, all partners have unlimited personal liability for the debts and obligations of the business. This means that if the partnership encounters financial difficulties, creditors can pursue the personal assets of any and all partners to satisfy the business's debts.
In a general partnership, all partners have unlimited personal liability for the debts and obligations of the business. This means that if the partnership encounters financial difficulties, creditors can pursue the personal assets of any and all partners to satisfy the business's debts.