Nasser and Khalil are partners in a bike business. One of their bike models malfunctioned and many customers were injured as a result. If they operate their business, Nasser & Khalil's Bicycles, an LLPS (Limited Liability Partnership), neither the business nor the O partners would be liable for the injuries. they would be personally liable for the injuries. the business would not be liable for the iniuries

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Nasser and Khalil are partners
in a bike business. One of their
bike models malfunctioned
and many customers were
injured as a result. If they
operate their business, Nasser
& Khalil's Bicycles, an LLPS
(Limited Liability Partnership),
neither the business nor the
O partners would be liable for the
injuries.
they would be personally liable for
the injuries.
the business would not be liable for
the injuries.
they would not be personally liable
for the injuries.
Transcribed Image Text:Nasser and Khalil are partners in a bike business. One of their bike models malfunctioned and many customers were injured as a result. If they operate their business, Nasser & Khalil's Bicycles, an LLPS (Limited Liability Partnership), neither the business nor the O partners would be liable for the injuries. they would be personally liable for the injuries. the business would not be liable for the injuries. they would not be personally liable for the injuries.
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