Question
Each question is hypothetical and is based in the US. 1.Three friends A, B and C agree to go into business installing home insulation as
Each question is hypothetical and is based in the US.
1.Three friends A, B and C agree to go into business installing home insulation as a Limited Partnership. A and B are limited partners and C is the general partner. Despite opposition by A and B; C signs a contract to undertake an insulation project for a shopping center, a type of commercial project the business has never undertaken before.When the project falters, the shopping center sues. Who is liable for the client's damages? Why? Explain. (2 points)
2.Three friends A, B and C agree to go into business installing home insulation. They agree to share profits and properly register their business as HomeInsulate LLP. Despite opposition by A and B; C signs a contract to undertake an insulation project for a shopping center, a type of commercial project the business has never undertaken before.When the project falters, the shopping center sues. Who is liable for the client's damages? Why? Explain. (2 points)
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Managerial economics
Authors: william f. samuelson stephen g. marks
7th edition
9781118214183, 1118041585, 1118214188, 978-1118041581
