Final answer:
The limited partnership could be held liable for the credit card debt, but individual partners in a limited partnership generally have liability protection up to the amount of their investment. Partners could be personally liable if they guaranteed the debt or conducted themselves inappropriately. The specific outcome depends on the nature of the partnership and the involvement of the partners.
Step-by-step explanation:
In a civil lawsuit against a limited partnership and its partners by a credit card company for unpaid debts, the outcomes for the limited partnership and the individual partners may differ. Generally, in a limited partnership, the limited partners (assuming Virgil, Wendy, and Xavier are limited partners) have liability protection for the debts of the business up to the amount of their investment in the limited partnership. This means that their personal assets are usually not at risk unless they guaranteed the debt personally or engaged in wrongful conduct that justifies piercing the corporate veil.
Considering this, the limited partnership itself would be liable for the full amount of the debt to the credit card company, including any late fees and daily charges. However, any judgment against Virgil, Wendy, and Xavier personally would usually only be successful if the credit card company can prove that there are valid reasons to hold them personally liable, such as a personal guarantee on the debt or tortious conduct on their part.
Without specific details on the nature of the partnership and the involvement of the partners, it's difficult to predict the exact outcome of such a lawsuit. Nonetheless, the legal structure of a limited partnership typically provides partners with some degree of liability protection.