Nina and Owen are general partners in Property Management L.P., a limited partnership. Without Nina's knowledge or consent, Owen defrauds the firm's clients, resulting in the firm's liability for the losses. The limited partners file a suit against Nina to recover their investments. She is most likely liable
A)if the clients are viewed as innocent third parties.
B)in a state that does not protect innocent partners from fraud suits.
C)under any circumstances.
D)under no circumstances.

Question

Quizplus · Accepted Answer

In a state that does not protect innocent partners from fraud suits, Nina could be held liable even if she was unaware of Owen's fraudulent actions.

Nina and Owen Are General Partners in Property Management L