Douglas and Johnson Each Invested $50 000 in a Partnership

Multiple Choice

Douglas and Johnson each invested $50 000 in a partnership where they agreed to share profits 60% Douglas,40% Johnson.The partnership business was not successful and now has no assets.In addition they are being sued for $80 000 by a supplier for non-payment of invoices.What is the amount for which Douglas could be held personally responsible if the lawsuit is successful ignore any possible legal costs.

A) Zero
B) $40 000
C) $48 000
D) $80 000