Question
Maggie paid a $10,000 debt of the Mudpie Partnership out of her own pocket. Her right to be reimbursed by the other 3 partners in
Maggie paid a $10,000 debt of the Mudpie Partnership out of her own pocket. Her right to be reimbursed by the other 3 partners in Mudpie is known as _______________________, and Maggie will be entitled to a total of $__________________from the other 3 partners.
| a. | Contribution. $7,500. | |
| b. | Assessment. $10,000. | |
| c. | Contribution. $10,000. | |
| d. | Assessment. $7,500. |
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Contract Law Directions
Authors: Richard Taylor, Damian Taylor
8th Edition
0198870590, 978-0198870593
