In a three person partnership, one partner commits fraud which creates a liability to the partnership of $9,000. If the three partners share profits and losses equally, each partner's liability to the partnership for the fraudulent act is $3,000.

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The Answer of In a three person partnership, one partner commits fraud which creates a liability to the partnership of $9,000. If the three partners share profits and losses equally, each partner's liability to the partnership for the fraudulent act is $3,000.

In a Three Person Partnership, One Partner Commits Fraud Which