MCQOPTIONS
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| 1. |
A and B are capitalist partners, with C as an industrial partner. A and B contributed P15, 000.00 each to the capital of the partnership. A contractual liability of P40, 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 P10, 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. |
| Answer» B. A, B and C | |