What may be true of partners with a deficit balance


Question:

Which of the following may be true of partners with a deficit balance? They always make an additional investment. Litigation against bankrupt partners may not be a waste of time, because of the marshaling of assets doctrine. They are not legally required to bring the account balance to zero. Litigation against bankrupt partners may just be a waste of time because of the Marshaling of Assets doctrine. If the bankrupt partner does not have enough in personal assets to pay all of his or her personal debts, all of the assets must go to pay the personal debt.

 

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