Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A, B and C are equal partners in X Partnership. On April 29, 2020, partner C died. Not knowing that C died, on May 1,

A, B and C are equal partners in X Partnership. On April 29, 2020, partner C

died. Not knowing that C died, on May 1, 2020, A contracted a liability to D whoalso does not know the death of C, the liability is P90,000. After D exhausted

the net assets of X Partnership in the amount of P70,000 he can collect.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tort Law And Alternatives Cases And Materials

Authors: Marc Franklin, Robert Rabin, Michael Green, Mark Geistfeld, Nora Engstrom

11th Edition

164708489X, 978-1647084899

More Books

Students also viewed these Law questions