Engineering Economics
In case of bankruptcy of a partnership,

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

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Engineering Economics
Which is true about corporation?

It is worse type of business organization.
The minimum number of incorporators to start a corporation is three.
The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.

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