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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

Question Posted: