Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations
Section: Chapter Questions
Problem 34P
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Question 4
If a partner is insolvent, the first in the order of preference in the distribution of his assets is:
a. Partnership creditors
b. Separate creditors of the partner-debtor
c. Partner's contribution to the partnership
d. Pro-rata between the separate creditors and the partnership creditors
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