Charles Angela decided to go into partnership for a manufacturing business Charles Raised 250000 in startup funds
Question:
Charles Angela decided to go into partnership for a manufacturing business Charles Raised 250000 in startup funds in large part on the basis of documents that he forged These documents purported to show that Charles and Angela own their factory when in fact they merely leased it Charles spent all of the money on himself and now he has no assets and has been jailed for 10 years The creditors have contacted Angela and told her they will hold her liable for the loss
a. Angela can argue assumption of risk in her defense of Charles actions
b. Angela is not liable as she was not aware of Charles's actions
c. Angela is vicariously liable for Charles's action
d. Angela is both civility and criminally liable for Charles's actions
Business principles and management
ISBN: 978-0538444705
12th edition
Authors: James Burrow, Brad KIleindl, Kenneth Everard