Jack and Jill form a partnership. Jack runs the business in NewYork while Jill v

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Jack and Jill form a partnership. Jack runs the business in NewYork while Jill vacations in Hawaii. During the time Jill is awayfrom the business Jack increases the debts of the business by$20000. Which of the following statements is true regarding thisdebt?a. Only Jack is personally liable for the debt since he has beenthe managing partner during that time.b. Only Jill is personally liable for the debt of the businesssince Jack has been working and she has not.c. Both Jack and Jill are personally liable for the businessdebt.d. Neither Jack nor Jill is personally liable for the businessdebt since the partnership is a separate legal entity.

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