Question
2. After operating for some time as a limited partnership, X & Co., composed of A, B, and C, as general partners, who contributed P30,000
2. After operating for some time as a limited partnership, X & Co., composed of A, B, and C, as general partners, who contributed P30,000 each and D and E, as limited partners, who contributed P20,000 each, has a total assets of P150,000 and the following liabilities:(1) For return of contributions of limited partners (D and E) P40,000(2) Due to third party credits 50,000(3) For loan extended by C 25,000(4) For loan extended by D 35,000(5) For taxes 15,000(6) For indemnity to B for damages suffered in consequence of management 5,000TOTAL P170,000May E legally demand the return of his contribution, assuming that all the partners have given their consent and are willing to have the certificate amended as to set forth the withdrawal?
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