Question

Assume the football team is set up as a limited partnership Lenny is the only general partner and Sarah and Sam are the only limited partners. The team is sued for negligence because an individual who turned to see the quarterback running naked crashed her car. Which of the following is true?

a) Lenny has unlimited liability and Sarah and Sam have liability limited to their investment in the firm.
b) The only one with liability is the company itself.
c) Lenny, Sarah and Sam all have unlimited liability.
d) Lenny has liability limited to his investment in the firm and Sarah and Sam have unlimited liability.

Answer 1

Answer: he partnership may be sued as well as the partners, and the partners' liability is unlimited (D)

Step-by-step explanation: