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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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Learning Outcome Statements
compare the organizational forms of businesses
CFA® 2025 Level I Curriculum, Volume 2, Module 1.