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Wahington & Lincoln ( W&L ) is an accounting firm, which is a general partnership. George and Abe two general partners in W&L . W&L

Wahington & Lincoln (W&L) is an accounting firm, which is a general partnership. George and Abe two general partners in W&L. W&L is near insolvency, meaning that soon it may not be able to meet its financial obligations. George approaches, Bernie, a certified public accountant. George pays Bernie $10,000 to certify fraudulently financial statements for W&L. Bernie certifies false financial statements for W&L, which enable George, on behalf of W&L, to secure a $600,000 loan from Westside Bank. Abe does not know and has no reasonable way of knowing that George secured fraudulent financial statements for W&L. Nor does Abe know or have any reasonable way of knowing that George secured the $600,000 loan from Westside Bank. After paying down the loan to $400,000, W&L defaults in paying the remainder of the loan to Westside Bank. Westside Bank sues all the partners of W&L and W&L, as an entity, for $400,000.
(a) What, if anything, is Abe's maximum liability to Westside Bank for the $400,000 debt? Do not explain. Simply provide the number. 2 points.
(b) Suppose that Westside Bank collects $100,000 from George. What, if anything, is Abe's liability to George if George seeks indemnification from Abe? Do not explain. Simply provide the number. 2 points.
(c) Suppose that Westside Bank sues W&L as an entity and all the partners excluding George, for the $400,000 debt. What, if anything, is Abe's maximum liability for the $400,000 debt? Do not explain. Simply provide the number. 2 points.
(d) Assume the facts in this question except that W&L is an LLP. What, if anything, is Abe's maximum liability for the $400,000 debt? Do not explain. Simply provide the number. 2 points.
(e) Assume the facts in this question except that W&L is an LLP. Also assume that Westside Bank collects from Abe $75,000 of the $400,000 debt. What, if anything, is George's maximum liability to Abe if Abe seeks indemnification from George? Do not explain. Simply provide the number. 2 points.

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