Final answer:
Limited partners in a limited partnership do not have joint and several liability. Mistakes in ecommerce transactions can include false product descriptions, technical glitches, and shipping issues. A breach of contract occurs when one party fails to fulfill their contractual obligations.
Step-by-step explanation:
In a limited partnership, not all partners have joint and several liability for the debts of the partnership. A limited partnership consists of two types of partners: general partners and limited partners. General partners have unlimited liability and are personally responsible for the debts and obligations of the partnership. On the other hand, limited partners have limited liability and are not personally responsible for the debts and obligations of the partnership beyond their investment.
Mistakes that can happen during an ecommerce transaction include:
- False product descriptions, where the actual product doesn't match the description given in the ecommerce platform.
- Technical glitches on the platform resulting in incorrect pricing, double-charging, or failure to process payment.
- Shipping and delivery issues, such as lost or damaged packages, delayed delivery, or incorrect item delivered.
A breach of contract occurs when one party fails to fulfill their contractual obligations without a valid excuse. For example, if Party A agrees to deliver 100 widgets to Party B by a certain date for a specified price, and Party A fails to deliver the widgets on time, that would be a breach of contract.