Assume Walter and Jesse agree to form a limited partnership, where Jesse is a general partner and Walter is a limited partner. Pursuant to that partnership, Walter and Jesse purchase a camper in which to cook the methamphetamine by taking out a bank loan. If the limited partnership cannot repay the loan, what assets are available to the bank to satisfy the loan?

Answer rating: 100% (QA)

In a limited partnership the general partner has unlimited personal liability for the partnerships d... View the full answer