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Puentes is a limited partner of ABC, LP . He paid $ 3 0 , 0 0 0 for his interest and he also loaned

Puentes is a limited partner of ABC, LP. He paid $30,000 for his interest and he also loaned the firm $20,000. The firm failed. Upon dissolution and liquidation
Question 8Select one:
a.
Puentes will get his loan repaid pro rata along with other creditors
b.
if any assets remain, the last to be distributed will be the general partners profits.
c.
if Puentes holds partnership property as collateral, he can resort to it to satisfy his claim if partnership assets are insufficient to meet creditors claim
d.
Puentes will get repaid, along with other limited partners, in respect to his capital and loan after all other creditors have been paid.

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