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

Project Management, Management Studies

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  • Reference No.:- M914388

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