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Darla, Jack, and Sam have formed a partnership with each agreeing to contribute $100,000. Jack and Sam each contributed $100,000 cash. Darla contributed $75,000 cash and agreed to pay an additional $25,000 2 years later. After 1 year of operations the partnership is insolvent. The liabilities and fair market value of the assets of the partnership are as follows:
Both Jack and Sam are personally insolvent. Darla has a net worth of $750,000. If Darla is a general partner, what is her maximum potential liability? A. $235,000 B. $ 95,000 C. $210,000 D. $185,000 |