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Author Question: Which of the following statements is correct with respect to unlimited liability? (Read 207 times)

yoooooman

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on: Aug 7, 2021
Which of the following statements is correct with respect to unlimited liability?
◦ Each partner can be held responsible for the debts of the partnership no matter how great they are.
◦ Unlimited liability means the partner can lose what he has invested but no more.
◦ Only the partner's share of the partnership assets can be used to satisfy the debt incurred by another partner.
◦ If there are two partners, each partner can be held responsible for an amount equal to but no more than one half of the debts of the partnership.
◦ The partner cannot only lose what she has invested but can also be required to pay an additional amount equal to what she has invested.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by yoooooman on Aug 7, 2021

mcarey591

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Javed Rehman

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Reply #2 on: Dec 13, 2021
thsnkyou
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