In Eagles Landing Development, LLC V

question 256

Multiple Choice

In Eagles Landing Development, LLC v. Eagles Landing Apartments, LP, where the LLC built apartments for the LP, but the LLC was not paid for all its work, the LLC sued some limited partners in the LP for payment. The appeals court held that:

• A) the limited partners had agreed to be personally liable on the debts of the LP, so were responsible
• B) limited partners share equally in the debts of a limited partnership unless the agreement among the partners states something to the contrary
• C) the LLC had agreed not to sue any limited partners individual, so could not later go back on that agreement
• D) limited partners are not liable for the debts of the LP
• E) none of the other choices

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Definitions:

Canadian Charter

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Fundamental principles that protect individuals' liberty and equality, often enshrined in law.

HR Professional

An individual specializing in human resources management, responsible for employee relations, compensation, benefits, and organizational development.

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An inquiry conducted to examine and address allegations of human rights violations or discrimination.