Answer:
whole of $100,000 fee
Explanation:
Partnership is a form of business agreement wherein two or more individuals mutually agree to share profits and losses in a certain ratio as per the clauses provided in the partnership deed.
Except in limited liability partnership, partners liability is unlimited in the sense, in case of losses, personal assets of partners can be sold to pay off partnership debts or compensate in case of insolvency of other partners.
In the given case, $100,000 fee represents partnership expense for which both parties are liable. In case one party fails to make the payment, the liability shall solely rest on the second party.
