Tim and Tom enter into a general partnership and agree to split profits and losses $50/50.$ While Tim is away, Tom commits the partnership to a contract with a customer that it does not have the resources to complete. As a result, the customer suffers large financial losses and sues the partnership. The customer is awarded a judgment of $$3$ million by the court. Which of the following is correct regarding Tim's liability for this judgment?

The maximum amount that the holder of the judgment against the partnership can hold Tim personally liable for is one$-$half of the judgment, or $$1\mathrm{.}5$ million, since this is a $\frac{50}{50}$ partnership.

The holder of the judgment against the partnership can hold Tim personally liable for the whole $$3$ million.

Tim could be held personally liable only if he knew or should have known about the contract.

Tim cannot be held personally liable for any portion of the judgment because Tom was the one who entered into the contract.