In the liquidation of a partnership any partner who has a capital deficiency

A) has a personal debt to the partnership for the amount of the deficiency.
B) is automatically terminated as a partner.
C) will receive a cash distribution only on the basis of his or her income-sharing ratio.
D) is not obligated to make up the capital deficiency.

In a partnership, the partners are jointly and severally liable for the partnership's debts. This means that if the partnership is unable to pay its debts, the partners are personally responsible for paying them. If a partner has a capital deficiency, it means that his or her share of the partnership's debts exceeds his or her share of the partnership's assets. In this case, the partner has a personal debt to the partnership for the amount of the deficiency, and is obligated to make up the shortfall.