Which of the Following Is True Regarding Any Responsibility of Matt

Multiple Choice

Which of the following is true regarding any responsibility of Matt to share in losses?

A) Matt assumed no liability for the partnership beyond the capital he invested.
B) Matt has a legal obligation to share equally in losses with the general partners.
C) Matt would be responsible for one-half of any losses with the two general partners having liability for the other half.
D) Matt has no liability for losses at all.
E) Matt has liability for losses only if the general partners are insolvent.