Virginia Partners Ltd., a limited partnership organized in Florida, was in the business of drilling oil wells.
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Virginia Partners Ltd., a limited partnership organized in Florida, was in the business of drilling oil wells. When Virginia Partners injected acid into an oil well in Kentucky, a bystander, Robert Day, was injured by acid that sprayed on him from a ruptured hose. Virginia Partners had failed to register as a foreign limited partnership in Kentucky. Are the limited partners of Virginia Partners liable to Day for his injuries?
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Related Book For 
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-1259917110
17th edition
Authors: Arlen Langvardt, A. James Barnes, Jamie Darin Prenkert, Martin A. McCrory
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