Question

question 3
in a general partnership, how are liabilities handled?
only the initiating partner is liable
all partners share unlimited liability
only passive investors are liable
liability is limited to investment
no liability exists

Explanation:

In a general partnership, each partner is jointly and severally liable for the partnership's debts and obligations. This means all partners have unlimited liability, and creditors can pursue any partner for the full amount of the debt.

Answer:

All partners share unlimited liability