Who is liable to the suppliers

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Reference no: EM1395825

Q. Pat McGowan, Val Somers, also Brent Robertson were general partners of Vermont Place, a limited partnership formed for the purpose of constructing duplexes on an undeveloped tract of land in Fort Smith, Arkansas. The general partners appointed McGowan also his industry, Advance Development Corporation, to develop the project, including contracting with materials people, mechanics, also other suppliers. None of the limited partners took part in the management or control of the partnership. Eight months later, Somers also Robertson discovered which McGowan had not been paying the suppliers. They removed McGowan from the partnership also took over the project. The suppliers sued the partnership to recover the money owed them. The partnership assets were not sufficient to pay all their claims. Who is liable to the suppliers?

Reference no: EM1395825

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