197k views
0 votes
Energy Unlimited, LP, is a limited partnership to which its partners, including Fink, have contributed capital. Energy's creditors include Grave Engineering, Inc. On Energy's dissolution, its assets will be distributed to pay:

a. Fink and Grave proportionately.
b. Fink first.
c. Grave first.
d. neither Fink nor Grave.

User Schlenger
by
6.0k points

1 Answer

7 votes

Answer: c. Grave first

Step-by-step explanation:

In dissolving a limited partnership business all creditors are paid first.

User Makki
by
5.8k points