Question: True or False. Explain your answer. A, B, and C are partners. They contributed 100K each. They agreed that the liability of A shall not

True or False. Explain your answer.

A, B, and C are partners. They contributed 100K each. They agreed that the liability of A shall not exceed his capital contribution of 100K. If the partnership assets have been exhausted and there remains an unpaid obligation of 90K in favor of creditor X, the latter can still recover 30K each from the partners (A, B, and C). The stipulation is not only binding among the partners but also should not adversely affect the creditor (X).

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