Questions 1 and 2 (two points eachy: 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 550,000. Wilson does 40% of the work, and Thomas does 60%. They do not have a partnership agreement that addresses the sharing of profits 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. S 80,000 B. 5100,000 C. $115,000 D. $150,000 2. Fil and Breed are 50% partners in F&B 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 it 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 Fils 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 fog buyer. Albert refuses to pay Doug for Bettys purchases, Doug comes to the mill to collect and Albert again refuses to pay him, Doug calls Albert an unprintable came, and Albert then punches Doug in the nose, knocking him out. While Doug is tying unconscious on the ground, an employee of Roy's Lumber negligently drops a log on Doug's leg, breaking three bones. The firm and the three partners are completely solvent Doug sues Roys cumber to collect on all three purchases Roys Lumberable to Doug Address each purchase, and briefly explainin one to three sentences if the partnership is hable, and, if it isn't, who is and why, Assume Doug successfully sues Roys Lumber for his injuries sustained from Albert's 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