Question
Gorilla wants to start a banana slushie business, but he has no money. His friend Crazy Eyes agrees to fund the business as long as
Gorilla wants to start a banana slushie business, but he has no money. His friend Crazy Eyes agrees to fund the business as long as he can be the limited partner. Gorilla agrees and sets up a limited partnership with himself as the general partner. Later, the limited partnership gets sued because the slushies are too cold (one of them spilled on a customer, freezing her legs). If the limited partnership is found liable and cannot pay the full amount owed
Group of answer choices
Gorilla and Crazy Eyes will both be personally liable since they are both partners.
Gorillawill not be personally liable, but Crazy Eyes will.
Neither Crazy Eyes nor Gorilla will be held liable because of the corporate veil.
Crazy Eyes will not be liable, but Gorilla will.
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