Question: When a partner is unable to pay a capital deficiency Multiple Choice C) The partner must take out a loan to cover the deficiency The
When a partner is unable to pay a capital deficiency Multiple Choice C) The partner must take out a loan to cover the deficiency The deficiency is absorbed by the remaining partners The partnership ends. The deficient partner has a personal liability to the other partners. The deficiency is absorbed by the remaining partners and the deficient partner has a personal ability to the other partners
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