Business Law help???

Tom is one of the partners in a new partnership. If debts of the firm become due, and the firm cannot pay them, Tom will be
a. personally liable for those debts and obligations.
b. liable for those debts and obligations only up to the amount of his capital contribution.
c. not required to contribute any money to the satisfaction of these debts and obligations.
d. none of the above.

without knowing what kind of partnership he is engaged in the question is impossible to answer. i do not believe that a guess is helping you any.
maybe you could elaborate and inform on the structure of the partnership.

well since this question isnt specific enough i would guess b only because it doesnt state whether he is in a general partnership or a limited partnership... if it states neither its up to the amount of his initial contribution into the firm. hope this helps.

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