Pi and Quia are general partners in Risqué Investissements, a limited partnership. Without Pi's knowledge or consent, Quia defrauds potential investors into buying limited partnerships in the firm and steals the amounts of their investments. In a suit by those partners against Pi to recover for their losses, Pi is most likely liable
A)if the investors are viewed as innocent third parties.
B)if the investors are construed as limited partners.
C)under any circumstances.
D)under no circumstances.

Question

Quizplus · Accepted Answer

Pi may be liable if the investors are viewed as innocent third parties because general partners can be held liable for the wrongful acts of other partners if those acts are within the scope of the partnership's business.

Pi and Quia Are General Partners in Risqué Investissements, a Limited