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A creditor has $100,000 judgment against a certain partnership. The business is valueless. The partners have a written partnership agreement making A and B general
A creditor has $100,000 judgment against a certain partnership. The business is valueless. The partners have a written partnership agreement making A and B general partners, and C a limited partner whose contribution is $10,000, but A and B have no personal assets.
The creditor searches, and finds no registration of the limited partnership.
a) What right has the creditor against C
b) Is C's liability limited to $10, 000 because he is a limited partner
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