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Assume Walter and Jesse agree to form a general partnership. Pursuant to that partnership, Walter and Jesse purchase a camper in which to cook the
Assume Walter and Jesse agree to form a general partnership. Pursuant to that partnership, Walter and Jesse purchase a camper in which to cook the methamphetamine. Walter negligently hits a pedestrian while driving the camper and causes $50,000 in damages to that pedestrian. If the general partnership's assets are $10,000, what other assets are available to the injured pedestrian? Assume Walter and Jesse agree to form a general partnership. Pursuant to that partnership, Walter and Jesse purchase a camper in which to cook the methamphetamine. Walter negligently hits a pedestrian while driving the camper and causes $50,000 in damages to that pedestrian. If the general partnership's assets are $10,000, what other assets are available to the injured pedestrian? The injured pedestrian is limited to $20,000 from Walter's personal assets and $20,000 from Jesse's personal assets. The injured pedestrian can seek $40,000 from Jesse's personal assets. The injured pedestrian cannot seek the partnership assets or the assets of Walter or Jesse. The injured pedestrian cannot seek the personal assets of Walter or Jesse.
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