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Kraft is a limited partner of Johnson Enterprises, a limited partnership. As provided in the limited partnership agreement, Kraft decided to leave the partnership and demanded that her capital contribution of $20,000 be returned. At this time, the partnership assets were $150,000 and liabilities to all creditors totaled $140,000. The partnership returned to Kraft her capital contribution of $20,000.
a. What liability, if any, does Kraft have to the creditors of Johnson Enterprises?
b. If Johnson Enterprises had been formed as a limited liability company, what liability, if any, would Kraft have to the creditors of Johnson Enterprises?
Discuss an ethical or regulatory issue that plays a role in successful eCommerce? Support your view with evidence, explanations and credible references.
Is deeply engaged with the reading and class materials as they relate to the themes of the course
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