Project #21060 - DB1

 

This homework must be summit on 1/17/14 at 8:30pm Eastern Time.

 

 

 

Must be APA formatting. Must have a 300 words or more and must have a least one scholar including

 

Hoyle, J., Schaefer, T., & Doupnik, T. (2013). Advanced accounting with Connect Plus (11th ed.) Boston, MA: McGraw-Hill. ISBN: 978077635831.

 

 

 

 

 

A client of the CPA firm of Harston and Mendez is a medical practice of seven local doctors. One doctor has been sued for several million of dollars as the result of a recent operation. Because of what appears to be this doctor’s very poor judgment, a patient died. Although that doctor was solely involved with the patient in question, the lawsuit names the entire practice as a defendant. Originally, four of these doctors formed this business as a general partnership. However, five years ago, the partners converted the business as a general partnership. However, laws of the state in which they operate.

 

Read the following articles as well any other published information that is available on partner and partnership liability.

 

“Partners Forever? Within Andersen, Personal Liability May Bring Ruin,” The Wall Street Journal, April 2, 2002, p. C1.

 

“Collapse: Speed of Andersen’s Demise Amazing.,” Milwaukee Journal Sentinel, June 16, 2002, p  D1.

 

 

 

Required:

 

Based on the facts presented in this case, answer these question:

 

  1. What liability do the other six partners in this medical practice have in connection with this lawsuit?

  2. What factors will be important in determining the exact liability (if any) of these six doctors?

 

Subject Business
Due By (Pacific Time) 01/17/2014 03:49 pm
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