Chang, Monica and Haley went into business as a limited partnership running a restaurant. Chang and Monica managed the restaurant and ran the day-to-day operations. Haley had no role in running the restaurant. Chang and Monica each invested $500,000 and Haley contributed the building and land, which was appraised at $1 million. Brady, a customer, had a severe peanut allergy and ordered a peanut-free dish, but was negligently served a dish with peanuts and suffered severe long-term health effects. Brady sued the partnership and was awarded a judgment for $3 million. Brady managed to seize the assets of the partnership to satisfy his judgment, having the property and building sold, and seizing all other property, but $1.5 million remains unpaid. What result

Respuesta :

The result of Brady still being owed $1.5 million is that Chang and Monica each owe $1.5 million jointly and severally, so Brady may sue one of both of them; Haley has no additional liability.

What is the result of Brady's lawsuit?

Even though the partners are protected by the limited partnership, this does not apply in this case because of the negligence of Chang and Monica.

As a result, Monica and Chang will jointly owe the remaining $1.5 million. Haley has no additional liability because they weren't negligent as they were not involved in the running of the restaurant.

Find out more on limited partnerships at https://brainly.com/question/25877213.