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Basic Question 2 of 4
In a partnership, if one partner is unable to pay their share of the business's debts,
B. other partners are fully responsible.
C. that partner is out of the partnership automatically.
A. the partnership will go bankrupt.
B. other partners are fully responsible.
C. that partner is out of the partnership automatically.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare the organizational forms of businesses
CFA® 2024 Level I Curriculum, Volume 2, Module 1.