Partners' personal assets:
A)cannot be reached by partnership creditors.
B)cannot be reached by partnership creditors unless partnership assets are exhausted.
C)can only be reached by personal creditors.
D)none of the above

Question

Quizplus · Accepted Answer

Partners' personal assets can be reached by partnership creditors only after partnership assets are exhausted. This means that if the partnership's assets are not sufficient to pay off its debts, then the creditors can go after the personal assets of the partners to settle the remaining balance owed.

Partners' Personal Assets