Partners and Partnership Liability A local law firm has eleven lawyers. One Lawyer has been sued...
Partners and Partnership Liability
A local law firm has eleven lawyers. One Lawyer has been sued for
several million dollars as the results of a recent case. Because of
what appears to be the lawyer’s very poor judgment, one of the
customers died. Although the lawyer was solely involved with the
customer in question, the lawsuit names the entire law firm as a
defendant. Originally, six of the lawyers formed the law firm as a
general partnership. However, three years ago, the partners
converted the business to a limited liability partnership based on
the laws of the state in which they operate.
Instruction:
Read the articles online or any published information that is
available on partners and partnership liability, based on the facts
presented in this case, please present (in complete sentences
instead of listing the key words) your opinion/comments on the
possible liability the other ten partners in this law firm may have
in connection with the case. In addition, please present, in your
opinion, the factors which may be important in determining the
exact liability (if any) of the other ten lawyers.
Homework Answers
In this case the business is now being run as a limited liability partnership (LLP). The provisions of law state that in case of a limited liability partnership every partner is an agent of the partnership entity for the purpose of business of the entity. However an individual partner is not an agent of other partners.
Thus in this case the other partners will not be liable for the poor judgement of one of the lawyers. Thus the other ten partners will be individually safe and protected from lawsuit.
The factors that are important in determining the exact liability (if any) of the other ten lawyers will be the terms and conditions of the LLP agreement. It should be noted that the rights and duties of all partners are governed by an agreement between them. This will determine the exact liability of the partners. Secondly the provisions of law of the state in which the partnership firm operates will also be determining the exact liability (if any) of the other ten lawyers.
Add Answer to:
Partners and Partnership Liability
A local law firm has eleven lawyers. One Lawyer has been sued...
Problem 1 Nevue Inc. has been sued for following three alleged infringements of law: (1) Unauthorized...
Problem 1 Nevue Inc. has been sued for following three alleged infringements of law: (1) Unauthorized use of a trademark; the claim is for $100 million (2) Nonpayment of end-of-service severance pay and gratuity to 5,000 employees who were terminated without Nevue Inc. giving any reason; the class action lawsuit is claiming $3 million (3) Unlawful environmental damage for dumping waste in the river near its factory; environmentalists are claiming unspecified damages as cleanup costs Legal counsel is of the...
Case review for Alaska Packers Assoc. v Domenico (9th Circuit, 1902) Issue, Ruling, Application, Conclusion ROSS, Circuit Judge. The libel in this case was based upon a contract alleged to have been...
Case review for Alaska Packers Assoc. v Domenico (9th Circuit, 1902) Issue, Ruling, Application, Conclusion ROSS, Circuit Judge. The libel in this case was based upon a contract alleged to have been entered into between the libelants and the appellant corporation on the 22d day of May, 1900, at Pyramid Harbor, Alaska, by which it is claimed the appellant promised to pay each of the libelants, among other things, the sum of $100 for services rendered and to be rendered....
n the Ohio case Biddle v. Warren General Hospital, a number of patients brought a lawsuit...
n the Ohio case Biddle v. Warren General Hospital, a number of patients brought a lawsuit against Warren General Hospital and a law firm, alleging the hospital unlawfully disclosed patients’ confidential medical information so that the law firm could search for potential Supplemental Security Income (SSI) eligibility for the payment of the patients’ unpaid medical bills. The Supreme Court of Ohio, through the opinion of Justice Resnick, held that (1.) an independent tort exists for the unauthorized, unprivileged disclosure to...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
Brief Fact Summary. Two women brought lawsuits against West Virginia University Hospital, claiming they were injured...
Brief Fact Summary. Two women brought lawsuits against West Virginia University Hospital, claiming they were injured as a result of negligent treatment received at the hospital. The trial court did not allow the women to present evidence to support their claims that the doctors who treated them appeared to be hospital employees, when they were actually independent contractors. Synopsis of Rule of Law. A hospital may be found vicariously liable for the negligence a doctor working at the hospital is...
Case Study Analysis: Fred Stern & Company, Inc. (Knapp): In the business world of the Roaring...
Case Study Analysis: Fred Stern & Company, Inc. (Knapp): In the business world of the Roaring Twenties, the schemes and scams of flimflam artists and confidence men were legendary. The absence of a strong regulatory system at the federal level to police the securities markets—the Securities and Exchange Commission was not established until 1934—aided, if not encouraged, financial frauds of all types. In all likelihood, the majority of individuals involved in business during the 1920s were scrupulously honest. Nevertheless, the...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...
Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
Using the book, write another paragraph or two: write 170 words: Q: Compare the assumptions of...
Using the book, write another paragraph or two: write 170
words:
Q: Compare the assumptions of physician-centered and
collaborative communication. How is the caregiver’s role different
in each model? How is the patient’s role different?
Answer: Physical-centered communication involves the specialists
taking control of the conversation. They decide on the topics of
discussion and when to end the process. The patient responds to the
issues raised by the caregiver and acts accordingly. On the other
hand, Collaborative communication involves a...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...
Using the book, write another paragraph or two: write 170
words:
Q: Compare the assumptions of physician-centered and
collaborative communication. How is the caregiver’s role different
in each model? How is the patient’s role different?
Answer: Physical-centered communication involves the specialists
taking control of the conversation. They decide on the topics of
discussion and when to end the process. The patient responds to the
issues raised by the caregiver and acts accordingly. On the other
hand, Collaborative communication involves a...
Most questions answered within 3 hours.
-
Please answer the four questions below.
1. If you were going to test a method that...
asked 47 seconds from now -
Provide two or three examples of support he uses to reinforce
his arguments?
The Alienation of...
asked 6 minutes ago -
QUESTION 1
Why do we see terms with multiple names in the database
community?
Consistency is...
asked 1 minute ago -
In a titration experiment, 11.5 mL of 0.400 M H2SO4 neutralized
48.0 mL of NaOH. What...
asked 6 minutes ago -
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 21 minutes ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 23 minutes ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 1 hour ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 1 hour ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 38 minutes ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 1 hour ago -
What are some best practices and things to avoid when developing
a PowerPoint presentation or file
asked 1 hour ago -
Consider the ways that the government can get involved in
economic issues. What role do you...
asked 39 minutes ago