change and n s Wat t Ben and Stephanie decided to open up a

change and, n s, Wat t Ben and Stephanie decided to open up a restaurant. Stephanie contributed a building she owns, in which the restaurant will operate, that is worth $300 000 and Ben contributed $100 000 for renovations. The parties agreed orally that once the restaurant is open, Stephanie will manage the restaurant on a day-to-day basis, while Ben will keep the books for the business. They have also agreed that they will share the profits from the busi ness. The renovations take three months during which both Ben and Stephanie are involved in supervising the work. The restaurant opens on January 1. The restaurant business is not successful and does not make any profits. Neither Ben nor Stephanie received any financial benefit from the restaurant\'s operations. Then, Stephanie and Ben 4.

Solution

If we look at the case presented, then it is quite clear that each partner is the agent of the partnership in the normal course of the business and each partner will be responsible for both the unauthorized behavior and the torts of the other partner if these are conducted in the course of the business. There will be an unlimited personal liability on each partner.

As it is an unlimited liability partnership, thus Ben can ask for his share f contribution after sharing all the liabilities and profits earned( if any) from the business.