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What are the pros and cons of limited partnerships

Assignment:

Question 1. Review the Bank of America, N.A., v. Barr excerpt. Answer the following: Why are sole proprietorships held personally liable for the debts of their businesses? Is this a good policy? Why or why not?

Question 2. What are the pros and cons of limited partnerships?

Question 3. Review the Menendez v. O'Niell excerpt. Answer the following: Did releasing Fraioli from liability also release Triumvirate liability? Why or why not?

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Business Law and Ethics: What are the pros and cons of limited partnerships

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