Assignment task:
Gina is a partner in a limited liability partnership organized in California that is engaged in the practice of law in several states. Assume Gina's colleague in California borrows $25,000 from a bank (without authorization of the LLP or other partners). The liability of all partners in the entity (and of the entity itself) for such act is as follows: The colleague will have liability for this contractual obligation, and the LLP itself will be liable as well. Gina and her other co-partners will not have liability for this contractual obligation assuming they did not participate in it, direct it, etc.). California is a full-shield or bulletproof state that protects all partners in an LLP against any liability whether it arises in tort or contract.