When a partnership is found liable for a debt, which assets are first used to pay the debt?
A. Individual assets of the partners;
B. Personal property of the limited partners;
C. Partnership assets.
D. None of these
Answer:C
When a partnership is found liable for a debt, which assets are first used to pay the debt?
A. Individual assets of the partners; B. Personal property of the limited partners; C. Partnership assets. D. None of these