Question
1.(a)How might a partner in a law firm LLP be held liable for the negligence of another partner in that same firm? (1 mark) (b)When
1.(a)How might a partner in a law firm LLP be held liable for the negligence of another partner in that
same firm?(1 mark)
(b)When we are permitted to attend professional sporting events in-person following the current
pandemic, can a Vice-President of Marketing of a particular Ontario corporation be held liable to that corporation if she secretly uses the company's Raptors tickets to take her 22 year-old son to a Raptors game, instead of taking a corporate-client to the game?Why or why not?(1 mark)
(c) Why is a "limited partnership" a useful form of business organization from a limited partner's
perspective, even if the limited partnership is not being profitably managed? (1 mark)
(d)In today's economic environment, with ultra-low interest rates and the economy not
expected to recovery from COVID-19 related concerns until 2022 or later, name two "share
attributes" discussed in class that would currently be attractive to investors interested in
purchasing preferred shares of a publicly-traded company (other than the entitlement to
declared dividends and a fixed redemption-price upon liquidation of the corporation), and
explain why that would be so?
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