The Partnership of Fregeun, Pennell and Jones Is Dissolving and a Dispute

Multiple Choice

The partnership of Fregeun, Pennell and Jones is dissolving and a dispute has arisen about which debts must be paid first. According to the UPA, who must be paid first when liquidated assets of a partnership are distributed?

A) Any investments made by the partners.
B) Any capital invested by partners.
C) Any loans made between the partners that covered the partnership.
D) Any debt owed to creditors of the partnership
E) Any bills of lading