Which of the following is true regarding partnership creditors?

Prepare for the Partnership Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Partnership creditors have the right to claim a partner's share in partnership assets to satisfy debts owed by the partnership. When a partnership owes money, creditors can pursue the partnership assets to fulfill those obligations. If the partnership is unable to pay off its debts, individual partners may be held personally liable, meaning creditors can reach into the partners’ individual assets, but their initial claims arise from the partnership's assets.

This principle is rooted in the idea that partnerships are collective entities where debts are typically paid out of partnership assets first before considering personal assets of the partners. Consequently, while a partner's interest in partnership assets can indeed be targeted by partnership creditors, those creditors have to establish their claims based on the partnership structure and obligations rather than having an immediate preference over the individual assets of the partners.

The other options misinterpret the general rules governing the relationship among partnership creditors and partners, particularly in the context of liability and asset claims.

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