Messitt and McNulty Spend $50, 000 Each to Form a Law

question 14

Multiple Choice

Messitt and McNulty spend $50, 000 each to form a law partnership.On the first day someone trips over a potted plant in their lobby and sues them for $400, 000.Which of the following is true?

• A)If a $400, 000 judgment is against the partnership, then each partner will have to pay $200, 000.
• B)If a $400, 000 judgment is against the partnership and if McNulty cannot afford to pay any of it, then Messitt is liable for $400, 000.
• C)Messitt's liability is limited to $300, 000 because she owns three quarters of the firm.
• D)Each individual partner cannot be sued for more than $200, 000.
• E)Only McNulty is personally responsible for the damages because he was the one who put the potted plant in the office.

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Definitions:

Manufacturer

A person or company that makes goods for sale, particularly in large quantities.

Trademark Infringement

Involves the unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services.

Registered Trademark

A symbol, word, or words legally registered or established by use as representing a company or product.

Apple Symbol

Trademark symbol associated with Apple Inc., representing its brand and products.