How much may the creditors lawfully collect from zebullon

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Reference no: EM133611541

Xavier, Yancey and Zebulon were partners in the XYZ Partnership. Their partnership agreement stated that Xavier would bear 60 percent of partnership losses, with Yancey and Zebulon each bearing 20 percent of partnership losses. XYZ's business failed, with various partnership debts being left unpaid. After all partnership assets had been exhausted for the benefit of the firm's creditors, $90,000 remained due and owing to the creditors. On these facts, how much may the creditors lawfully collect from Zebullon?

Reference no: EM133611541

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