Respect to personal liability and liability of the company

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Reference no: EM131372111

Ted was a limited partner driving a company truck home because his car died and was in the shop for repairs. Ted had taken his car to the shop which takes care of all of the company truck but had no authority to do so and did not tell the company. Ted signed the receipt under the company name. The business was a cleaners who picked up laundry cleaned it and then delivered it to the customer. On the way home Ted who was driving the company truck, with the company logo one it, stopped at a light, and the lady, Carla, in the car next to the truck got out of her car and gave an expensive dress to Ted to take it back to the company to have it cleaned. The next day when Ted went to get into the truck, it had been stolen. Discuss Ted's situation with respect to personal liability, and liability of the company.

Reference no: EM131372111

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