Question
SONVIV, a partnership, buys and sells real estate, J&G SPORTSWORLD, also a partnership, sells sporting goods equipment. SONVIV and J&G SPORTSWORLD agree to pool their
SONVIV, a partnership, buys and sells real estate, J&G SPORTSWORLD, also a partnership, sells sporting goods equipment. SONVIV and J&G SPORTSWORLD agree to pool their resources in a one-time deal to build a sports amusement park. In contracting with Vornado Real Estate. to obtain building permits near Penn Station to build the amusement park SONVIV commits fraud. In contracting with MODELLS for materials to use for their sporting goods stores, J&G SPORTSWORLD commits fraud. Vornado Real Estate and MODELLS file suits against SONVIV and J&G SPORTSWORLD. What type of business organization has SONVIV and J&G SPORTSWORLD formed? To whom, if anyone, is SONVIV liable? To whom, if anyone, is J&G SPORTSWORLD liable?
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