Question: 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

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 Select one: a. $0 b. $3,000 c. $50,000 d. $7,000 e. none of the above 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 Select one: a. $0 b. $3,000 c. $50,000 d. $7,000 e. none of the above

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