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Kindly answer the following: (1) A, B and C are partners in a partnership which was dissolved by the withdrawal of A. B who was

Kindly answer the following:

(1) A, B and C are partners in a partnership which was dissolved by the withdrawal of A. B who was notified by C of A's withdrawal, entered into new transaction with V in the name of the partnership.

(a) Is the partnership liable to V?

(b) Are A and C liable to B for their share of the liability?

(2) A, B and C's partnership was dissolved. Assume the following information:

Partnership assets - Php320,000;

Advances by A to partnership - Php20,000

Capital contribution of each partner - Php30,000

Liability of partnership to Z - Php150,000

Compute the share of each partner in the profits.

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