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:

Creatinine

A waste product produced by muscles from the breakdown of a compound called creatine, which is involved in the generation of energy in the body. It is removed from the body by the kidneys.

Collecting Tubule

A component of the kidney's nephron that transports urine from the distal convoluted tubule to the renal pelvis.

Aldosterone

A hormone produced by the adrenal glands that helps regulate blood pressure by controlling sodium and water levels in the body.

ADH

Antidiuretic Hormone, a peptide hormone secreted by the pituitary gland that regulates the body's retention of water by increasing water reabsorption in the kidneys.