Question
Angela, Bryanna, and Carl formed a general partnership to operate an exotic fish store call Fab Fish. All partners made equal capital contributions to the
Angela, Bryanna, and Carl formed a general partnership to operate an exotic fish store call Fab Fish. All partners made equal capital contributions to the partnership.All share equally in the management and operation of the partnership. Fab Fish agreed with Frank, the sole owner of Fish with Frank, for Frank to represent the partnership in purchasing wholesale exotic fish in Ecuador to be resold by Fab Fish.
I.Describe the legal relationship between Fab Fish and Frank and explain any specific legal duties and liabilities of Fab Fish and Frank in this relationship.
II.One day while transporting fish to a client's business using the partnership delivery van, Angela negligently ran a stop sign, striking a car driven by Peggy, causing damage to the car and injury to Peggy.
A.Explain(1) the personal liability of Angela, Bryanna and Carl to Peggy;
(2) the liability of the partnership, Fab Fish, to Peggy, if any, and why.
B.Explain(1) the personal liability of Angela to Peggy;
(2) the liability of Fish with Frank to Peggy, if any, and why.
III.If Frank files for bankruptcy for Fish with Frank, explain the legal effect of the bankruptcy on the relationship between Fab Fish and Frank, and why.
IV.If Bryanna dies, explain the legal effect of her death on the relationship between Frank and Fab Fish, and why
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