Which of the Following Was the Result on Appeal in Eric

question 63

Multiple Choice

Which of the following was the result on appeal in Eric Johnson & Lori Johnson v. St. Therese Medical Center, the case in the text in which partners of a physician found liable for negligence resisted payment of the judgment?

• A) That the partners of the physician were not personally liable for the judgment because only the partnership was sued; and the individual partners did not, therefore, receive due process because they were not provided notice that their personal assets were at risk.
• B) That the individual physicians were not liable because although they were sued in their individual capacities, the partnership itself was also sued and found liable; and the plaintiffs had acted unreasonably in failing to pursue assets of the partnership.
• C) That the individual physicians, who were sued in their individual capacities, were not personally liable because insufficient evidence was presented of the partnership's insolvency.
• D) That the individual physicians, who were sued in their individual capacities, were not personally liable because insufficient evidence was presented of the insolvency of the partner who committed the malpractice.
• E) That the individual physicians were liable in their individual capacities.

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Definitions:

Lease

A contractual agreement where one party, the lessor, grants the other party, the lessee, the right to use an asset for a specified period in exchange for payment.

Discount Rate

A rate used to determine the present value of future cash flows; in monetary policy, it refers to the interest rate charged to commercial banks for loans from a central bank.

Trust Agreement

A legal document establishing a trust and outlining the rules and guidelines that the trustees must follow in managing the trust assets for the benefit of the beneficiaries.

Present Value

The worth in present terms of a sum of money due in the future or sequences of cash receipts, using a given rate of return for discounting.