Hi, please help me dicuss this situation.

X,Y,and Z are partners in a business.The partnership debts are $150,000 owing to the bank; the partnership assets are nill.The separate assets of each partner are: X; $200,000, Y; $200,000 and Z; Nil.

Discuss.

We don't do homework, however if you will give it a shot, and post what you come up with, we will be happy to comment.