Roadrunner performance and limited partnership

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Roadrunner Performance, a Limited Partnership, was organized in accordance with the laws of the state of Massachusetts. Tim Cruisecontrol was the general partner and Enzo Targa and Dr. Farfignugen were limited partners. Roadrunner Performance, L.P. was in the business of designing, building and racing performance electric sports cars. Tim Cruisecontrol was a race car driver prior to the formation of the limited partnership. Targa and Farfignugen came to the production facility twice a week, Targa was employed as an engine designer, both consulted with Cruisecontrol about technical design requirements of the vehicle. Cruisecontrol wanted to build a mid-engine design but he was overruled by Targa and Farfignugen, and the vehicle designed was a rear-engine design. Upon completion of the million dollar vehicle, Farfignugen arranged to race the car at the local test track. During the test the vehicle crashed and suffered extensive damage. Roadrunner Performance, L.P. suffered heavy financial losses and the business was placed in bankruptcy. The trusteee in bankruptcy sued all three for the business losses and the trail court ruled that only the general partner, Cruisecontrol, was personally liable. Cruisecontrol comes to you and requests your opinion on the relative success of having the decision reversed on appeal. How would you advise him?

Reference no: EM131672823

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