If a partnership's liabilities are greater than its assets,the partners bear the losses.

Name: If a partnership's liabilities are greater than its assets,the partners bear the losses.
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In a general partnership, the partners have unlimited liability and are personally responsible for the debts and obligations of the partnership. If the partnership's liabilities exceed its assets, the partners are responsible for covering the losses with their personal assets.

If a Partnership's Liabilities Are Greater Than Its Assets,the Partners