Question: Question 46 (1 point) Listen PJS is a general partnership, with Pascale, Jarod, and Sierra as equal partners. Due to decreased sales, they have decided

Question 46 (1 point) Listen PJS is a general partnership, with Pascale, Jarod, and Sierra as equal partners. Due to decreased sales, they have decided to terminate PJS. After liquidating the firm's assets, debts exceed assets by $600,000. Sierra paid one creditor $450,000 to satisfy a PJS debt. Because Sierra paid more than her share of this partnership liability, she is entitled to indemnification (reimbursement) from the other partners. 1) True 2) False Question 47 (1 point) Listen Amy is admitted to Packer Associates, an existing general partnership. A partnership debt that arose before the date she joined Packer has now come due. Amy is 1) not liable for this debt. 2) personally liable only to the extent the other partners do not pay. 3) personally liable to the full extent of the debt. 4) only liable for this debt up to the amount of her capital contribution Question 48 (1 point) Listen Dayr, Will and Leticia operate Metro Food Truck (MFT) as a general partnership. Dayr's relationship to MFT recently ended, but the company continues to do business. Dayr's withdrawal from MFT will cause the dissolution of the partnership. 1) True 2) False

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