Describe the liability of each party, Operation Management

Assignment Help:

Upon graduation from college, Bob, Carol, Ted, and Alice formed Kotaku, LP, and a limited partnership, to distribute video gaming software over the Internet. Bob and Carol each contributed $50,000 and became the general partners. Ted and Alice each contributed $25,000 and became the limited partners. Bob and Carol oversee the day to day management of the business. They hire designer, Nick, who develops their number one selling software program, Dawn of Ka. The company sends Nick as a representative to the annual Comic-Con convention in San Diego to promote their products. Nick rents a car to travel from the hotel to attend the convention and entertain potential clients. While there, Nick negligently causes a car accident and runs over a pedestrian, Ralph, who is seriously injured as a result. As a result, Ralph sues to recover damages and names Kotaku, LP, Bob, Carol, Ted, Alice, and Nick in the lawsuit. Discuss the liability of each party and the potential amount Ralph might recover from each.


Related Discussions:- Describe the liability of each party

Why a small business owner consider the demographics, Why should the small ...

Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are

Discuss characteristics of a successful entrepreneur, Analyze the character...

Analyze the characteristics of a successful entrepreneur and determine if you have what it takes to start your own business. Provide specific examples to support your response.

Question 2, Exercise 2: Use of a Grid Analysis (Weighted Scoring Model) to ...

Exercise 2: Use of a Grid Analysis (Weighted Scoring Model) to Help Make the North American Plant Location Decision for the RX 330 This exercise illustrates how when deciding among

Explain interference with economic, Martin decides to begin raising goats o...

Martin decides to begin raising goats on his property for personal consumption of their milk and meat. Unfortunately Martin's goats frequently prefer to each the rich green grass a

Define strong technical skills or strong communications, What types of peop...

What types of people have more difficulty being team players? What helps promote good team player behaviour? 3. What do you think is more important for a good IT professional: stro

Location decision and layout selection, 1. general procedures for making lo...

1. general procedures for making location decision 2. factors to consider in layout selecgtion

Explain mission and vision statement, What is the difference between a miss...

What is the difference between a mission and vision statement. Discuss why mission statements are important in performance improvement and why a solid mission statement (describing

Explain major liability to the organization, The issue of fraud must be con...

The issue of fraud must be considered when managing risk as it could present a major liability to the organization. Fraud is an act that requires an aggressive response and correct

Compute what will be the value, Can you show me step by step how to solve t...

Can you show me step by step how to solve the following problem? Payments of $20,000 at 6% interest Compounding quarterly What will be the value in 12 years?

Find the optimum economic production quantity, A manufacturing company sell...

A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 6

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd