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13 December, 02:47

Assume the football team is set up as a general partnership and that Lenny, Sarah, and Sam are all general partners in the team. The team is sued for negligence because an individual who turned to see the quarterback running naked crashed her car. Which of the following is true? a) The individual partners may be sued, but not the partnership itself. b) The partnership may be sued as well as the partners, but the partners' liability is limited to their investment in the firm. c) The partnership may be sued, but not the individual partners. d) The partnership may be sued as well as the partners, and the partners' liability unlimited.

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  1. 13 December, 04:23
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    Answer: D. The Partnership may be sued as as the partner and the partners' liability unlimited

    Explanation:

    The Partnership may be sued as as the partner and the partners' liability unlimited

    A partnership is not recognized as a legal entity, in a starndard partnership agreement Partners in a partnership are Personally liable. They are jointly and severally liable for the debts of the Partnership. Their personal belongings may be claims in order to settle the liabilities of the partnership
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