Ahmad, Balu and Chong are partners of a firm called ABC & Partners. Chong has always been a sleeping partner and has never participated in the running of the partnership business. Balu retired from the partnership nine months ago. The partnership is now experiencing financial difficulties and has incurred liabilities amounting to RM500,000. The assets of the partnership are insufficient to cover its liabilities. Require: (a) Explain the liability of Chong as a sleeping partner. (b) Explain the liability of Balu as a retired partner