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A general partner in a partnership is a partner who __________.
a. Is personally liable for partnership debts only up to the amount of money or other property that the partner contributed to the partnership.
b. Is personally liable for the partnership's nonrecourse loans.
c. Is personally liable for partnership debts.
d. Adheres to generally accepted accounting principals.

Respuesta :

holesstanham

Answer:

c. Is personally liable for partnership debts.

Explanation:

This is the statement that best describes a general partnership. A general partnership is a financial arrangement in which two or more individuals agree to share assets, profits and liabilities. Therefore, a general partner would be liable for partnership debts. Moreover, these liabilities are unlimited (not capped) and can be paid through the seizure of the partner's assets.

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