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Question
Amanda and Sally are close friends who form a limited partnership to open a salon. They refuse to put a buyout clause for withdrawing partners in the limited partnership agreement, assuming that their friendship and business will last forever. Amanda, as a general partner, contributes $100,000 and Sally, as a limited partner, contributes $125,000. Two years later, Sally accuses Amanda of falsifying the data and withdraws from the limited partnership. How much will Sally receive from the limited partnership?
A. $125,000
B. $10,000
C. $100,000
D. $0
Answer
This answer is hidden. It contains 331 characters.
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