Seventy-Three Land, Inc., sued Maxlar Partners for the balance due on a note made by the partnership. Max, a partner, asked the court to dismiss the claim against him personally because the plaintiff had not first tried to collect against the partnership. Does Max have a valid claim
1. In legal terms, Maxlar Partner and the company's partners haveSelect liability for the note.
2. If Max never signed a partnership agreement with the other Maxlar Partners, may he still be held liable for the note obligations?
3. If the court allows Seventy-Three Land to move forward in its case against Max and further finds Max responsible for the note, mucs to pay off the debt?
4. Is Max's argument valid? Yes, creditors must exhaust a partnership's assets before seeking recover against a partner personally
Answer:
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