Dr. Jones and Dr. Smith are partners in a medical clinic. Jones manages the clinic, which is
Question:
Dr. Jones and Dr. Smith are partners in a medical clinic. Jones manages the clinic, which is organized as a limited liability partnership. A court holds Smith liable in a malpractice suit. Jones is
a. not liable.
b. liable only to the extent of her share of that year’s profits.
c. liable only to the extent of her investment in the firm.
d. liable beyond her investment in the firm because she manages the clinic.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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