Question
A,B, C, D and E formed ABCDE Partnership. A, B, C, D, who contributed $3000 each, are the capitalist partners who agreed among themselves that
A,B, C, D and E formed ABCDE Partnership. A, B, C, D, who contributed $3000 each, are
the capitalist partners who agreed among themselves that A will not be liable to third persons for any partnership liability. E contributed his accounting skills. Subsequently, the partnership obtained a contractual liability from F in the amount of $4000 which became due and demandable.
a. Citing the applicable rules, explain what will be the remedy of F and indicate the amounts to be paid by the liable paty/parties.
b. Is E also liable to F? Why or why not? Explain citing the applicable rules.
c. Is A also liable to F? Why or why not? Explain citing the applicable rules.
d. Assuming E is also forced to pay, does he have any remedy against the other partners? Explain citing the applicable rules.
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