How does general partnership law treat a debt by one partner


Problem

a) If the parties had been operating as a limited liability partnership, how would that have changed the result?

b) Why did the court find that there was no limited liability partnership?

c) How does general partnership law treat a debt by one partner incurred in the course of partnership business?

d) Here, as in the case in Section 42.4.2 "Liability Issues in LLCs", there really is no inequitable result. Why is this true?

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Business Law and Ethics: How does general partnership law treat a debt by one partner
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