Mbappe, Haaland and Bellingham are partners in a partnership called Golden Boys providing legal consulting services. The main day-to-day business operation is advising client on various legal issues. In the course of the partnership business, Mbappe undertook to give advises for a client named Messi regarding preparing a trademark infringement claim of an Intellectual Property dispute with extremely high value. Mbappe carried out the work negligently and the loss incurred for Messi is 100 million USD. A week later, Messi proposed to sue both for tort and for breach of contract. Explain the potential liability of Golden Boys, Mbappe, Haaland, and Bellingham on the basis that Golden Boys is a traditional partnership. Explain the potential liability of Golden Boys, Mbappe, Haaland, and Bellingham on the basis that: - Golden Boys is a limited partnership. - Bellingham is not a lawyer. He only contributes funds in the firm and is not involved in firm’s practices. Explain the potential liability of Golden Boys, Mbappe, Haaland, and Bellingham on the basis that Golden Boys is a limited liability partnership.

Answer rating: 100% (QA)

Directing operational activities involves overseeing and managin... View the full answer