Shawnequa Is a Partner of Cost Hydrohut LLP,an Accounting Limited

question 88

Essay

Shawnequa is a partner of Cost Hydrohut LLP,an accounting limited liability partnership.One of Shawnequa's partners negligently audits a client,and a bank that relied on the client's audited financial statements suffers damages when the client fails to repay the loan.The bank sues Cost Hydrohut,but its assets are insufficient to pay the entire damages.Will the bank be able to collect the remaining damages from Shawnequa's personal assets?

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Definitions:

Set Point

A theory suggesting that an individual's body weight is maintained around a biologically predetermined point, influenced by genetics and environment.

Basal Metabolic Rate

The number of calories required to keep your body functioning at rest, also known as the metabolism's resting rate.

Insulin Level

The concentration of insulin, a hormone produced by the pancreas that regulates blood sugar levels, in the bloodstream.

Pancreas

A gland in the digestive and endocrine system of vertebrates that produces enzymes for digestion and hormones such as insulin, which regulates blood sugar levels.