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| Toby invested $25,000 in a limited partnership with Connor and Blair. Toby was a general partner in the limited partnership. The partnership failed to pay Kelly $45,000 for services on behalf of the partnership. Which of the following statements is generally correct regarding Toby’s liability under the Revised Uniform Limited Partnership Act? A. Toby was liable for $45,000 because Toby was a general partner. B. Toby was liable for $15,000 because this was a limited partnership. C. Toby was liable for $25,000 because this was a limited partnership. D. Toby was liable for zero because this was a partnership debt, not a personal debt. |