Clark and Kent Are Attorneys and Have Formed an LLP

question 27

Essay

Clark and Kent are attorneys and have formed an LLP.They take on various debts and obligations to operate the firm,including an installment contract to purchase computers and copy machines for the office.The LLP law in their state provides for liability protection for innocent partners should another partner cause liability through a tortious act.Clark is sued by Lois for civil assault and battery after he improperly touches her during an office meeting to discuss her divorce,in which Clark is representing her.The amount of her judgment exceeds the assets of the LLP,and the LLP dissolves.What is Clark and Kent's liability for the judgment and other firm debts?

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Definitions:

Employment Contract

A formal agreement between an employer and an employee that outlines the terms and conditions of employment.

Enforceable Contract

An enforceable contract is one where all parties involved have agreed on the terms and which can be upheld and compelled by law.

Quasi-contract

A legal concept where a court imposes a contractual obligation on a party who didn't necessarily agree to it, to prevent unjust enrichment.

Implied-in-fact Contract

is an agreement derived from the actions, conduct, or circumstances of the parties involved, rather than from explicit written or spoken terms.