A, B and C are general partners in ABC partnership. X is a debtor to the partnership

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A, B and C are general partners in ABC partnership. X is a debtor to the partnership in the amount of P180,000. A received from the debtor X the sum of P60,000 and issued a receipt identifying the amount collected as P60,000.

a. A cannot be compelled to share the P60,000 with B and C.

b. A can be compelled to share with B and C their P60,000.

c. B and C should automatically sue X to collect the P120,000.

d. B and C can deduct from the capital of A their share of P60,000.

Related Book For answer-question

Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Jul 20, 2021 06:00 AM

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A, B and C are general partners in ABC partnership. X is a debtor to the partnership

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The right option is b ie A can be compelled to share with B and C their P60000 Justification S... View the full answer

Practical financial management

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