Question: Wanda, Derek, and Mitchell formed B . Flowers, LLP three years ago. A year ago, Derek and Mitchell decided that the company was ready to

Wanda, Derek, and Mitchell formed B. Flowers, LLP three years ago. A year ago, Derek and Mitchell decided that the company was ready to open a new location and had B. Flowers take out a loan from a bank for the extra capital needed to expand. The new location has not performed well, and B. Flowers is unable to pay the remaining $50,000 owed to the bank. Is Wanda liable to the bank for the debt?
a. Yes, because she is a partner.
b. Yes, if she authorized the loan.
c. No, unless the partners have not complied with the LLP statutory filing requirements.
d. No, because partners in an LLP are never liable for the debts of the partnership.
Wanda, Derek, and Mitchell formed B. Flowers, LLP three years ago.

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