What liability if any do fox dodge and gilbey

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Reference no: EM131154155

Fox, Dodge, and Gilbey agreed to become limited partners in Palatine Ventures, a limited partnership. In a signed writing each agreed to contribute $20,000. Fox's contribution consisted entirely of cash;

Dodge contributed $12,000 in cash and gave the partnership her promissory note for $8,000; and Gilbey's contribution was his promise to perform two hundred hours of legal services for the partnership.

(a) What liability, if any, do Fox, Dodge, and Gilbey.

Reference no: EM131154155

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