question 3\nin a general partnership, how are liabilities handled?\nonly the initiating partner is…

question 3\nin a general partnership, how are liabilities handled?\nonly the initiating partner is liable\nall partners share unlimited liability\nonly passive investors are liable\nliability is limited to investment\nno liability exists

question 3\nin a general partnership, how are liabilities handled?\nonly the initiating partner is liable\nall partners share unlimited liability\nonly passive investors are liable\nliability is limited to investment\nno liability exists

Answer

Brief Explanations:

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