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

Explain performance appraisals are they necessary, 1.What purpose do they s...

1.What purpose do they serve under a performance management system? 2.Performance appraisals are they necessary or not? 3.What to do if an performance appraisal is unsatisfac

Explain effectively manage supply risks, To effectively manage supply risks...

To effectively manage supply risks, the supply manager must: inform the corporate risk officer of a potential risk, await instructions, and implement the directive. Seek input from

Find intermediate calculations to 3 decimal places, travel on Mountain Airl...

travel on Mountain Airlines for the past 18 weeks was: Week Passengers Week Passengers 1 402 10 440 2 410 11 446 3 420 12 451 4 415 13 455 5 412 14 462 6 414 15 466 7 424 16 474 8

Explain formulate and solve a linear optimization model, Klein Industries m...

Klein Industries manufactures three air compressors: small, medium, and large, which have unit profits of $20.50, $34, and $42 respectively. The monthly projected sales of small ar

Objectionable about psychological tests preemployment screen, Utilitarians ...

Utilitarians would not find anything inherently objectionable about psychological tests as long as the interests of all parties were taken into account and given equal consideratio

Use of confidence interval calculator and the area gas, To complete this sc...

To complete this scenario, use the Confidence Interval Calculator and the Area Gas Prices %u2013 Random Sample documents, provided in the Resources. The Minneapolis Star Tribune

Graphical method of solution for linear programming problems, Question: The...

Question: The graphical method of solution for linear programming problems is an effective means for solving a linear programming problem's six decision variables and eight constra

Explain social learning theory explain widespread corruption, How can the s...

How can the social learning theory explain widespread corruption throughout an organization?

Describe concentrate on one source of competitive advantage, Do you think i...

Do you think it is better to concentrate on one source of competitive advantage (cost versus differentiation versus speed) or to nurture all three in a firm's operation?

Define how each it project supports bill''s umuc pizza, Explain how each IT...

Explain how each IT project listed above specifically improves and/or supports Bill's UMUC Pizza business

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