Question: A partnership has 3 partners (A / B / C) who contributed 30,000.00 EUR / 20,000.00 EUR and 25,000.00 EUR. The partnership is in debts
A partnership has 3 partners (A
/ B / C) who contributed 30,000.00 EUR / 20,000.00 EUR and 25,000.00 EUR. The partnership is in debts and cannot pay-off its liabilities of 40,000.00 EUR from a bank loan.
1. The bank can sue A for a payment of max 25,000.00 EUR.
2. The bank can sue A for a payment of max 30,000.00 EUR.
3. The bank can sue A for a payment of max 40,000.00 EUR.
4. The bank cannot sue A for a payment at all.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
