Question: Tim and Myra started a general partnership called Purrrfect Pets. Tim and Myra each have personal assets exceeding $ 2 0 0 , 0 0

Tim and Myra started a general partnership called "Purrrfect Pets." Tim and Myra each have personal assets exceeding $200,000 in value; however, Tim only invested $3,000 and Myra invested $7,000 in the business. If the partnership cannot pay its bills totaling $50,000 and is sued, then the MOST Tim could lose is
$0
$3,000
$50,000
$7,000
none of the above
 Tim and Myra started a general partnership called "Purrrfect Pets." Tim

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