Virginia Partners, Ltd. (Virginia Partners), a limited partnership organized under the laws of Florida, conducted business in Kentucky but failed to register as a foreign
Virginia Partners, Ltd. (Virginia Partners), a limited partnership organized under the laws of Florida, conducted business in Kentucky but failed to register as a foreign limited partnership, as required by Kentucky law. Robert Day was tortiously injured in Garrard County, Kentucky, by a negligent act of Virginia Partners. At the time of the accident, Day was a bystander observing acid being injected into an abandoned oil well by Virginia Partners. The injury occurred when a polyvinyl chloride (PVC) valve failed, causing a hose to rupture from its fitting and spray nitric acid on Day, severely injuring him. Day sued Virginia Partners and its limited partners to recover damages. Are the limited partners liable? Virginia Partners, Ltd. v. Day, 738 S. W. 2d 837, 1987 Ky. App. Lexis 564 (Court of Appeals of Kentucky)
Step by Step Solution
3.35 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1 Unlock smart solutions to boost your understanding
No the limited partners are not individually liable to Day A limited partnership is a domestic l...83% of Business Law Students Improved their GPA!
Step: 2Unlock detailed examples and clear explanations to master concepts
Step: 3Unlock to practice, ask, and learn with real-world examples
Document Format ( 1 attachment)
508-L-B-L-L-E (2927).docx
120 KBs Word File
See step-by-step solutions with expert insights and AI powered tools for academic success
- Access 30 Million+ textbook solutions.
- Ask unlimited questions from AI Tutors.
- 24/7 Expert guidance tailored to your subject.
- Order free textbooks.
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started