Boris,Carina,and Theo Have Decided to Go into Business as a Limited

Multiple Choice

Boris,Carina,and Theo have decided to go into business as a limited partnership importing and selling exotic spices.Boris and Carina will manage the business,and Theo will have no role in the day-to-day operations.Boris and Carina have each invested $500,000,and Theo has contributed the building and land that the business will be operated from.Alina,a customer,contracts a rare disease from a contaminated spice sold by the company and sues.Alina is awarded a judgment for $5 million.After she exhausts the assets of the partnership,having the property and building sold,and seizing all other property,$3 million remains unpaid.

A) Boris, Carina, and Theo each owe $1 million, and Alina must sue each for his or her part.
B) Boris, Carina, and Theo each owe $3 million jointly and severally, so Alina may sue one, two, or all three for the $3 million balance.
C) Boris and Carina each owe $1.5 million, and Alina must sue each for his or her part; Theo has no additional liability.
D) Boris and Carina each owe $3 million jointly and severally, so Alina may sue one or both of them; Theo has no additional liability.