Emily,Harry,and Ron are partners in a business partnership called Trinkets.Emily contributed $15 000 to the business,Harry $10 000,and Ron $5000.The partners agreed among themselves that they will share partnership profits and losses in proportion to their contributions.In addition,the partnership borrowed $30 000 from the bank.The business didn't work out,and Trinkets is unable to repay the loan.The bank sued Emily personally.She repaid the full $30 000 and then sued Harry and Ron.What amounts may Emily be legally entitled to recover from her partners?
A) $7500 from Harry and $7500 from Ron
B) $10 000 from Harry and $5000 from Ron
C) $15 000 from either Harry or Ron
D) $30 000 from either Harry or Ron

Question

Quizplus · Accepted Answer

Emily can recover amounts from Harry and Ron in proportion to their contributions to the partnership, which are 2:1. Since she paid the full $30,000, she can recover $10,000 from Harry and $5,000 from Ron, maintaining the contribution ratio.

Emily,Harry,and Ron Are Partners in a Business Partnership Called Trinkets