Explain the liability of each party, Operation Management

Assignment Help:

Upon graduation from college, Bob, Carol, Ted, and Alice formed Kotaku, LP, 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:- Explain the liability of each party

Describe some possible strategic initiatives that sigma, Suggest some possi...

Suggest some possible strategic initiatives that Sigma could pursue to continue its growth.

Explain what will the last unit cost to build, United Research Associates (...

United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours to complete and cost $30,000

What internal problems outcome from the current planning, What internal pro...

What internal problems result from the current planning and control policies? In particular, analyze stock turns and availability (e.g. high and low levels).

Explain a virtual good is a physical object that is sold, A virtual good is...

A virtual good is a physical object that is sold over the interest

Explain wrong dimensions and unevenstitches, Jim's Outfitters, Inc., makes ...

Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or dec

Explain design-oriented hazards, A comprehensive safety assessment report c...

A comprehensive safety assessment report contains both testing and hazard analysis. What types of safety testing would be performed on commercial aircraft to identify any design-o

Explain the different stages of group development, Question 1: There is...

Question 1: There is no use in considering non-financial issues when motivating people as many consider that money is the prime and only motivating factor. Discuss this st

Solution about losing a rental book, I have a question about losing a renta...

I have a question about losing a rental book. One of my rental textbook: legal Management environmental MGMT330 has been lost. I want to ask how I can do for this textbook. Do I ha

Explain turnovers are undesirable and to be avoided, Do you believe all tur...

Do you believe all turnovers are undesirable and to be avoided?

Types of manufacturing system & layout, Types of Manufacturing System & Lay...

Types of Manufacturing System & Layout A layout essentially refers to the arranging and grouping of machines which are meant to produce goods. Grouping is done on different li

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