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david and liam have entered into a limited partnership where david is the general partner and liam is the limited partner. as part of the agreement, liam will reveive 40% of the profits . david has invested $50,000 in the business and liam has invested $40000. suppose the firm has $1 million in debt and becomes bankrupt. liams potential liability is?.

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david and liam have entered into a limited partnership where david is the general partner and liam is the limited partner. as part of the agreement, liam will reveive 40% of the profits . david has invested $50,000 in the business and liam has invested $40000. suppose the firm has $1 million in debt and becomes bankrupt. liams potential liability is?

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  • 1. david and liam have entered into a limited partnership where david is the general partner and liam is the limited partner. as part of the agreement, liam will reveive 40% of the profits . david has invested $50,000 in the business and liam has invested $40000. suppose the firm has $1 million in debt and becomes bankrupt. liams potential liability is?