Q. A and B are capitalist partners, with C as an industrial partner. A and B contributed P15, 000.00 each to the capital of the partnership. A contractual liability of P40, 000.00 was incurred by the partnership in favor of X. If the capital assets have been exhausted to pay X, leaving a contractual liability of P10, 000.00, X can recover the amount from: (Solved)
1. A and B only
2. A, B and C
3. A, B and C and C can recover for reimbursement from A and B
4. No reimbursement may be recovered by C.
- a. A and B only