Mary, Janet and Shantil formed a partnership, Brookdale Senior Care (BSC), to provide temporary housing and general care for eld

Question

1 year ago

6

Mary, Janet and Shantil formed a partnership, Brookdale Senior Care (BSC), to provide temporary housing and general care for eld

erly people in Memphis, Tennessee. One of the temporary residents left the stove on and burned down the house, which resulted in the loss of the entire building and contents. One of the residents, Francine, sued BSC and obtained a judgment of $ 30,000 against it, but the partnership could not pay the judgment

Law

1 answer:

viva [34] · Answer 1 · 2023-05-08T00:31:30+03:00

The option that Francine has since the partnership cannot get the 30000 would be to have assets that are worth this amount from the partnership.

<h3>What is a partnership?</h3>

This is the type of business between two or more people were the parties have to share in the risks, the profits and the loss of the business.

Francine can get the assets from BSC given that this is a partnership and other it, all of the partners have the same liability

<h3>Complete question</h3>

Mary, Janet and Shantil formed a partnership, Brookdale Senior Care (BSC), to provide temporary housing and general care for elderly people in Memphis, Tennessee. One of the temporary residents left the stove on and burned down the house, which resulted in the loss of the entire building and contents. One of the residents, Francine, sued BSC and obtained a judgment of $ 30,000 against it, but the partnership could not pay the judgment.

What are Francine’s options if the Brookdale partnership cannot pay the $30,000?