Asked by Kiersten Deavy on Jul 01, 2024
a. What is the liability of the partners for contracts regarding partnership business?
b. What is the liability of the partnership for torts committed by a partner while acting in the ordinary course of partnership business? How does this compare to the liability of a principal under respondeat superior ? Explain.
Respondeat Superior
A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of the employment or agency.
Liability
Refers to the legal responsibility for one's acts or omissions.
Partnership Business
A form of business operation between two or more individuals who share management and profits.
- Comprehend the liability of partners for contracts and torts committed in the course of partnership business.
Learning Objectives
- Comprehend the liability of partners for contracts and torts committed in the course of partnership business.
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