Glen,Dale,and Al Are Partners Who Own Fizz

question 43

Multiple Choice

Glen,Dale,and Al are partners who own Fizz.Glen made capital contribution of $5000,Dale's was $15 000 and Al's was $10 000.Glen is a general partner and he oversees management of the Fizz business.The partnership borrowed $30 000 from the bank.The partners have no agreement relating to the sharing of profits and losses.Fizz became insolvent and unable to repay the loan.The bank sued Dale personally and recovered the full $30 000 from him.Dale then sued Glen.When Dale's lawyer provided him with advice,what amount did she likely indicate he would be able to legally recover from Glen?

• A) $5000
• B) $20 000
• C) $15 000
• D) $10 000

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