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Explain the extent of liability of x

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Reference no: EM132599960

X, Y and Z formed a partnership with a capital of P100,000 - X contributing 50% of the capital, Y 30%, and Z 20%. A, a creditor who has a claim of P200,000 against the partnership, filed a case to collect his claim.

Question 1: Whose assets are liable to satisfy the debt, and explain the extent of liability of X, Y and Z. Cite the applicable provision.

Reference no: EM132599960

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