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All main topics / Law / International Law

LAW (125 Cards)

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Donna and Earl are partners in The Law Firm, LLP, a limited liability partnership. Donna supervises Earl. Earl negligently fails to appear in court on behalf of Frank, a client. Frank sues Donna and Earl. If the prin­ciple of proportionate liability is applied, Donna will likely be held liable for

a. her portion of responsibility for Earl’s negligence.
b. the amount of the loss that Earl is unable to pay.
c. the entire loss.
d. none of the above.
a. her portion of responsibility for Earl’s negligence.

Begründung:
The partner who commits negligence is reliable, as well as the partner who supervises this party.
If principle of proportionate liability is apllied, it means that each of them is liable for no more than his portion.
Tags: Limited Liability Partnership (LLC) Liability
Source: p.127 unten, siehe auch Example dazu
Flashcard set info:
Author: Elisa
Main topic: Law
Topic: International Law
School / Univ.: Hanze Hogeschool
City: Groningen
Published: 14.02.2010
Tags: Exam Year 1
 
Card tags:
All cards (125)
? (1)
2nd Absatz (2)
also see partnership by estopel (1)
Assault and Battery (2)
Business Organization (1)
Business Trust (2)
Chain-Style business operation (2)
Conversion (1)
Conversion - letzter Absatz (1)
Coporate Financing (1)
Coporate Personnel (1)
Defamation (1)
Disadvantages ot the sole proprietorship (1)
Dissolution LP (1)
Dissolution of LP (1)
Distributorship (2)
Domestic (1)
Fact versus Opinion (1)
False imprisonment (1)
Family Limited Liability Partnerships (FLLP) (1)
First Orginazational Meeting (1)
First sentence (2)
Foreign and Alien Coporation (1)
Formation of a Limited Partnership (1)
Formation of a LP (1)
Franchise (1)
Incorporation procedure (1)
INncorporation Precedure (1)
Joint stock company (2)
Joint venture (2)
last sentence (1)
Liabilities of limited partners (1)
Limited Liability Partnership (LLC) Liability (1)
Limited partners and Managment (1)
LLC (1)
Location Chartering (1)
Negligence (1)
Partnerships (1)
Payment for the franchise (2)
Payment of the franchise (1)
point 2 (1)
Preferred Stock (1)
Preferred stocks (1)
Pricing agreement (1)
Processing-Plant arrangement (2)
Profesional Corporation (P.C) (1)
Professional Corporation (1)
Professional Corporation (P.C) (1)
Promoter Liability (Promoter Activities) (1)
Restriction in the Articles of Incorpration (1)
Right of limited partners (1)
Self-defense (1)
Slander of Quality (1)
Slander of Title (1)
Stocks (3)
Syndicate (2)
Termination of the franchise (2)
The publication requirement (1)
The scope of implied powers (1)
Trespass to Land (1)
Trespass to personal property (2)
Wrongful interfence with a contractual relationship (1)
Wrongful interference with a business relationship (2)
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