Multiple Choice
Mr.Green enters into a partnership with IT Doctors LLP.Mr.Green's capital investment into the business is $10,000.Shortly after joining the new business,a client sues the IT Doctors LLP and wins a judgment of $750,000.How much is Mr.Green liable for?
A) $10,000
B) $100,000
C) $750,000
D) $0
Correct Answer:

Verified
Correct Answer:
Verified
Q39: Which of the following causes dissolution and
Q40: In an LLP that is continuing business
Q41: Which of the following is true about
Q42: Which of the following is true about
Q43: Normally,the implied authority of a winding up
Q45: A novation is said to take place
Q46: As per RUPA,if a nonwrongfully dissociated partner
Q47: Which of the following is true about
Q48: Leonard,Ted,and Julius are partners at Jutle Associates.They
Q49: In the case in the text,Meyer v.Christie,why