-3 PROBLEM 4 a. b. C. d. Assume that the partnership liability is recourse and A and B share profits on a 40:60 ratio and losses on a 70:30 ratio. What result? What if instead the liability is nonrecourse? Assume that the partnership is a limited partnership with B as the limited partner. Furthermore, assume that the partnership agreement provides that all loss will be allocated to the general partner once the limited partner's capital account is reduced to zero. What if B is obligated under the part- nership agreement to contribute to an additional $30,000? What if B agreed to pay A up to $40,000 if A actually pays off the mort- gage from his personal funds? What if B agreed to guarantee $40,000 of the mortgage obligation directly to the partnership's creditor?