Question: Which statement below is correct regarding a judgment debt owed to a third party by a limited partnership? Assume the LP has no cash or

Which statement below is correct regarding a judgment debt owed to a third party by a limited partnership? Assume the LP has no cash or other assets.
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This depends on the terms of the limited partnership agreement. Whatever the limited partner agreed to pay, this is what she must pay.
The limited partner loses only up to the amount she invested in the limited partnership, no more.
In a limited partnership, if the LP gets a million dollar judgment against it, the only way to avoid payment is for the general partner and limited partners to file for personal bankruptcy.
The limited partners are jointly and severally liable, so will each pay a pro rata share of the debt.

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