subject
Social Studies, 27.07.2021 18:00 ygrant03

Brett, Jenna, and Jill form a partnership, Parkside Realty, to buy and sell real estate. To alleviate a debt that she owes to Wallace, Jill transfers her partnership interest to Wallace. After the transfer to Wallace takes place, one of Parkside Realty's clients sues the partnership in relation to a real estate transaction brokered by Parkside Realty. The client names Parkside Realty and all individual partners individually in the suit. If the client is successful and Parkside Realty does not have enough partnership assets to cover the judgment against it, will Wallace be personally liable for Parkside's obligation? Answers:
A. Yes, but only if the client also personally named Wallace in the suit.
B. Yes, because the cause of action arose after Jill transferred her partnership interest to Wallace.
C. No, because partners are not personally liable for the obligations of a partnership.
D. No, because Wallace is not liable for any of Parkside Realty's obligations.

ansver
Answers: 2

Another question on Social Studies

question
Social Studies, 23.06.2019 09:00
What federal law makes marijuana illegal i know it's a schedule 1 drug but what law specifically gives the federal government the ability to arrest or fine you over marijuana i have only been able to find info on the scheduling of the drug but it never says this or that is illegal it just says that it's a schedule 1 drug i need the wording exactly my english teacher says that if i don't have it my paper is null and void
Answers: 1
question
Social Studies, 23.06.2019 20:00
If you were a colonist who went to the continental congress meeting and heard patrick henry's speech, how would it have inspired (change your mind) about your actions? (to go to war with britain or make peace) explain. faster if you can
Answers: 1
question
Social Studies, 23.06.2019 20:00
Plz i really need hepwhy is it important for students who have their own rights to question and change established ways of doing things
Answers: 1
question
Social Studies, 24.06.2019 01:00
Why did the united states end the negotions with france during the xyz affair
Answers: 1
You know the right answer?
Brett, Jenna, and Jill form a partnership, Parkside Realty, to buy and sell real estate. To alleviat...
Questions
question
Chemistry, 27.10.2019 13:43
question
Social Studies, 27.10.2019 13:43
Questions on the website: 13722367