Business, 21.12.2019 03:31, cuppykittyy

Jim braun has been a partner in a real estate investment partnership with alicia kaynes for 10 years. when the real estate market took a downward turn, one of their investments in a strip mall became a cash drain. jim refused to contribute any more cash and withdrew from the partnership. alicia was left to manage the property. before she could sell it, alicia had put in $125,000 into the strip mall property. following the sale, alicia demanded one-half of the $125,000 from jim. jim said he is not liable because he left the partnership. a. jim is correct; he withdrew and his liability ended. b. alicia is correct; jim owes her his share of what she paid. c. neither is correct; how much jim owes depends on when he withdrew. d. none of the above

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Jim braun has been a partner in a real estate investment partnership with alicia kaynes for 10 years...