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Legal Questions
Name
Instructor
Institution
Date
2
1. Sharon and Donna were partners in an accounting partnership. Business was very
good and the partnership expanded much faster than anticipated. Alexander, a top
accountant, was invited to join the accounting partnership, but he declined. Sharon
and Donna indicated in an advertisement they published in a regional newspaper
that Alexander was now a partner in their firm. Alexander does not dispute the
erroneous fact in the ad. Frank extended credit to the partnership, but the
partnership cannot pay. Can Frank sue Alexander?
A partnership refers to a formal agreement between two or more partners to operate and
manage a business and share its losses and profits. A partnership can sue and be sued. However,
since the partnership and partners are considered as one entity, they (partners) are liable for the
business financial obligations, including debts. A partnership can be formed through oral or via a
written …
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