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tgomes39 tgomes39
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6 years ago
In Eagles Landing Development, LLC vs. Eagles Landing Apartments, LP, where the LLC built apartments for the LP, but the LLC was not paid for all its work, the OOC sued some limited partners in the LP for payment. The appeals court held that:
 a. the limited partners had agreed to be personally liable on the debts of the LP, so were responsible
  b. the limited partners share equally in the debts of a limited partnership unless the agreement among the partners states something to the contrary
  c. the LLC had agreed not to sue any limited partners individual, so could not later go back on that agreement
  d. the LLC must first proceed against the bank that granted a mortgage to the LP as it was the primary creditor of the project
  e. none of the other choices
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lirpaprillirpapril
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6 years ago
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tgomes39 Author
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6 years ago
This site is awesome
big_larry_samp
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Thanks
kaytee23
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2 hours ago
this is exactly what I needed
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