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Douglas and Johnson each invested $50000 in a partnership where they agreed to share profits 60% Douglas,40% Johnson. The partnership business was not successful and
Douglas and Johnson each invested $50000 in a partnership where they agreed to share profits 60% Douglas,40% Johnson. The partnership business was not successful and now has no assets. In addition they are being sued for $80000 by a supplier for non-payment of invoices. What is the maximum amount for which Douglas could be held personally responsible if the lawsuit is successful?
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