Joe and Tom form a general partnership. If Joe commits a tort while acting on behalf of
Question:
Joe and Tom form a general partnership. If Joe commits a tort while acting on behalf of the business and the liability exceeds the partnership assets, Joe and Tom will assume the liability equally. This is known as:
a. Respondeat superior.
b. Waiver of liability.
c. Joint-and-several liability.
d. An ultra vires act.
e. None of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
Question Posted: