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Given:

Partnership assets – 320,000


Advances by X to partnership – 30,000
Liability of partnership to W – 335,000

Capital contribution of each partner – 30,000

Y indebted to C (separate creditor) – 15,000


Z is indebted to D (separate creditor) – 10,000

Separate property of Y – 20,000


Separate property of Z – 10,000

Partnership account
320,000 (partnership assets)
90,000 (partners’ capital contribution)
410,000 (total partnership assets)
-335,000 (liability to W)
75,000 (remaining partnership assets)

Distribution of assets
Each partner has 1/3 share of the assets
supposedly,
75,000 / 3 = 25,000
However, X has already advances of 30,000
Hence, the remaining assets of 75,000 will only be distributed to Y and Z
75,000/2 = 37,500
Y’s account
37,500 (in settling partnership accounts)
20,000 (separate property of Y)
57,500 (total assets of Y)
- 15,000 (debt to C)
42,500 (remaining assets of Y)

Z’s account
37,500 (in settling partnership accounts)
10,000 (separate property of Z)
47,500 (total assets of Z)
-10,000 (debt to D)
37,500 (remaining assets of Z)

Question:
Liability in excess of the total contributions of the partner. Has W the right to go
also after the separate property of X?
 Yes, article 1829 states that “on dissolution the partnership is not
terminated, but continues until the winding up of partnership affairs is
completed” which means that although X, Y, and Z’s partnership is dissolved
they are all (including X) obligated to settle business affairs and other
previous obligations.

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