Phillips and Phillips is a general partnership. It has a $$110,000$ judgment against it $($that is$,$ it was sued for $$100,000$ and lost$).$ In order to help pay this judgement, Phillips and Phillips take on Morris as another partner in exchange for $$20,000.$

How much is Morris at risk of losing?

Question $7$ options:

$$0$: She joined after the judgment was entered, so she does not face liability

$$110,000$: the total judgment

$$20,000$: her contribution to the partnership

$$30,000$: one$-$third of what is left after her contribution $($$$110,000$ minus $$20,000$ divided by $3)$