Solved

A and B Are Capitalist Partners, with C as an Industrial

Question 19

Multiple Choice

A and B are capitalist partners, with C as an industrial partner. A and B contributed ₱15, 000.00 each to the capital of the partnership. A contractual liability of ₱40, 000.00 was incurred by the partnership in favor of X. If the capital assets have been exhausted to pay X, leaving a contractual liability of ₱10, 000.00, X can recover the amount from:


A) A and B only
B) A, B and C
C) A, B and C and C can recover for reimbursement from A and B
D) No reimbursement may be recovered by C.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents