Please only respond if you plan on answering all 3 questions

21. Tullis and Shivy are physicians who have formed a Limited Liability Partnership. In the event one of them commits malpractice,

a. the other is vicariously liable.

b. the other is liable to the extent of their contribution to the partnership;

c. the other has no liability;

d. the other is only liable if stipulated in the partnership agreement;

22. What is true about a limited partner?

a. they are only liable to the extent of their investment in the partnership;

b. they may not participate in the management of the partnership;

c. they are personally liable for debts of the limited partnership if they sign an enforceable personal guarantee of partnership debts;

d. all statements are true.

23. Parrish is a limited partner. If she participates in the management of the partnership, she runs the risk of being held liable for partnership debts.

T F