Question

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.

Answer 1

Answer: c. Grave first

Explanation:

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