Multiple Choice
Rosalee is a partner in Silver Dragon,a partnership consisting of the owners of a Chinese and American restaurant. Silver Dragon incurs debt for new dining tables and chairs. With respect to this debt,Rosalee is
A) not liable.
B) only liable to the amount of her capital contribution.
C) only liable in proportion to the number of partners in the firm.
D) personally liable to the full extent.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: For two years after a partner dissociates
Q3: A majority of the states treat a
Q4: Narib and Olivia are limited partners in
Q7: If no fixed duration of the partnership
Q9: Bryn,Cornell,and Duke are general partners in Equity
Q11: Chet is a partner in Diligent Accounting
Q14: A limited partnership cannot be dissolved by
Q21: Cherry Creek Development, LP, is a limited
Q41: A limited liability partnership must be formed
Q48: The death of a limited partner dissolves