Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5.What is the goal or aim of damage awards in negligence cases? 6. Tianci and Dongsheng talked about forming a limited partnership in order to

5.What is the goal or aim of damage awards in negligence cases?

6. Tianci and Dongsheng talked about forming a limited partnership in order to carry on their import business with Tianci as the general partner and Dongsheng as the limited partner. Tianci and Dongsheng each invested $20,000 in the business. However, they forgot to register their business as a limited partnership. The business did not do well, and after not paying the rent for their warehouse for six months Tianci left Halifax and Dongsheng has not been able to contact her.

But Dongsheng is confident he won't have to pay the six months rent because he is a limited partner. Is he correct? Why/Why not?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law And Society

Authors: Matthew Lippman

3rd Edition

1544392583, 978-1544392585

More Books

Students also viewed these Law questions