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Sidana [21]
1 year ago
4

Chang, Monica and Haley went into business as a limited partnership running a restaurant. Chang and Monica managed the restauran

t and ran the day-to-day operations. Haley had no role in running the restaurant. Chang and Monica each invested $500,000 and Haley contributed the building and land, which was appraised at $1 million. Brady, a customer, had a severe peanut allergy and ordered a peanut-free dish, but was negligently served a dish with peanuts and suffered severe long-term health effects. Brady sued the partnership and was awarded a judgment for $3 million. Brady managed to seize the assets of the partnership to satisfy his judgment, having the property and building sold, and seizing all other property, but $1.5 million remains unpaid. What result
Business
1 answer:
mart [117]1 year ago
3 0

Answer:

NOT Chang, Monica, and Haley each owe $500,000, and Brady must sue each for his or her part.

Explanation:

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