Questions 1 and 2 (two points each): Choose the correct answer, then in two to four sentences explain why your choice is correct and why the other answers are incorrect. 1. Wilson and Thomas are partners. Wilson contributed $150,000 to the partnership, and Thomas contributed $50.000 Wilson does 40% of the work, and Thomas does 60%. They do not have a partnership agreement that addresses the sharing of protes and losses. By the end of the year, the partnership has earned a profit of $200,000. What is Wilson's share of the profit under the Revised Uniform Partnership Act? A. $ 80,000 B. 5100,000 C. $115,000 D. $150,000 2. Fil and Breed are 50% partners in FBB Cars, a used car dealership: F&B maintains an average used car inventory worth $150,000, On January 5, National Bank obtained a $30,000 judgment against Fil and Fil's child on a loan that Fil had cosigned and on which Fil's child had defaulted. National sued F&B to be allowed to attach $30,000 worth of cars as part of Fil's interest in F&B's inventory Will National prevail in its suit? A NO B. Yes Question 3 (six points): Albert, Betty, and Carol own and operate the Roys Lumber. Each contributed 1/3 of the capital and they share equally in profits and losses. Their partnership agreement provides that two partners must authorize all purchases over $2,500 in advance and that only Albert is authorized to draw checks. Unknown to Albertor Carol, Betty purchases on the firm's account a $5.500 diamond bracelet and a $5,000 forklift and orders $5,000 worth of logs all from Doug who operates a jewelry store and is engaged in various activities connected with the lumber business. Before Betty made these purchases, Albert told Doug that Betty is not the log buyer. Albert refuses to pay Doug for Bettys purchases, Doug comes to the mill to collect, and Albert again refuses to pay him. Dous calls Abert an unprintable name, and Albert then punches Doug in the note, knocking him out. While Doug is lying unconscious on the ground, an employee of Roys Lumber negligently drops a log on Dougs leg, breaking three bones. The firm and the three partners are completely solvent Doug sues Roys cumber to collea on all three purchases Roys Lumberlable to DOUB? Address each purchase, and briefly explainin one to three sentences if the partnership is Hable, and, titi, who is and why, Assume Doug successfully sues Roy's Lumber for his injuries sustained from Alberts actions. Will Albert be liable to the partnership for its losses? Cite the section of the RUPA that addresses this question and supports your answer 5:54 PM 2/14/2021