Reference no: EM133281725
Astroline Company, a limited partnership, is in the investment business. Astroline heard of an opportunity to purchase the license to a television station, and the company developed a second limited part- nership, Astroline Communications Company, to purchase the station. Astroline provided the funding for Astroline Communications but remained a limited partner of the company. Astroline Commu- nications began to experience financial problems and filed for bankruptey. Do you think the court found Astroline Company, as a limited partner, liable for Astroline Communications Company's debts? Why or why not? (In re Astroline Commut- nications Company Limited Partnership, 188 BR98 (1995).1
Identify the parties involved in the case dispute (who is the plaintiff and who is the defendant).?
Identify the facts associated with the case and fact patterns.?
Develop the appropriate legal issue(s) in question (i.e., the specific legal issue between the two parties). Provide a judgment on who should win the case - be clear.?
Support your decision with an appropriate rule of law.?
Be prepared to defend your decision and to objectively evaluate the other points of view.?
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Identify the facts associated with the case
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