Question
A, B and C are general partners in ABC partnership. X is a debtor to the partnership in the amount of P180,000. A received from
A, B and C are general partners in ABC partnership. X is a debtor to the partnership in the amount of P180,000. A received from the debtor X the sum of P60,000 and issued a receipt identifying the amount collected as P60,000.
a. A cannot be compelled to share the P60,000 with B and C.
b. A can be compelled to share with B and C their P60,000.
c. B and C should automatically sue X to collect the P120,000.
d. B and C can deduct from the capital of A their share of P60,000.
Step by Step Solution
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The right option is b ie A can be compelled to share with B and C their P60000 Justification S...
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
