Messitt and McNulty spend $50,000 each to form a law partnership.On thefirst day someone trips over a potted plant in their lobby and sues them for$400,000.Which of the following is true?
A) If a $400,000 judgment is against the partnership, then each partner will have to pay $200,000.
B) If a $400,000 judgment is against the partnership and if McNulty cannot afford to pay any of it, then
Messitt is liable for $400,000.
C) Messitt's liability is limited to $300,000 because she owns three quarters of the firm.
D) Each individual partner cannot be sued for more than $200,000.
E) Only McNulty is personally responsible for the damages because he was the one who put the potted
Plant in the office.
Correct Answer:
Verified
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