If, upon dissolution of a partnership, one partner pays liabilities of the partnership that are greater than the liquidated assets of the partnership, which of the following is true?

A) The partner who paid has a right of contribution against any partner who did not pay.
B) The partner who paid has no right of contribution against any other partner.
C) The partner who paid has a right of contribution against other partners only if the partner who paid was not the managing partner.
D) The partner who paid has a right of contribution only against other partners who participated in the management of the partnership.
E) The partner who paid has a right of contribution only against other partners who did not participate in the management of the partnership.

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Shila Hamilton · Accepted Answer

Final Answer : A, Explanation :  In a partnership, when one partner pays more than their share of the partnership's liabilities upon dissolution, they have a right of contribution against the other partners. This means they can seek to recover the excess amount paid from the other partners, regardless of whether those partners were managing the partnership or not. This principle ensures fairness and equitable distribution of the partnership's debts among all partners.

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