Engineering Economics
In case of bankruptcy of a partnership,

The partners are not liable for the liabilities of the partnership
The partners nay sell stock to generate additional capital
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners personal assets are attached to the debt of the partnership

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.
The first payment is made at the beginning of the first period.
The payments are made at equal interval of time.

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