In the Opening Case, PNC Bank vs. Michael Farinacci, the main issue was whether the defendants be held jointly liable under the old law (UPA) or jointly and severally liable under the new law (RUPA).

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In the Opening Case, Farinacci was a managing general partner in Washington Square Enterprises. Both WSE and Farinacci were sued by PNC Bank after the partnership defaulted on its $35,000 note. Depending on whether UPA or RUPA was applied, Farinacci might owe the entire amount or only his pro-rata share of $4,190. Since the partnership was formed 31 years before the RUPA came into existence, it was held that there was joint liability, but not joint and several liability.

In the Opening Case, PNC Bank Vs