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Prompt Bill and Bob own Busy B’s Apiary

Management

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Prompt

Bill and Bob own Busy B’s Apiary. The provide pollination services to farmers for crops that need pollinators on site for specific times of the year. They also sell honey.

They each invested $50,000 to start the business as a general partnership and after operating successfully for several years the partnership is worth $150,000.

Bill has $40,000 in personal assets and Bob has $70,000.

One night, Bill gets into a fight at the local bar and breaks another guy’s nose. Bill must pay $20,000 for committing ________________.

Bill clearly has anger management issues because his wife leaves him and he owes $10,000 immediately in the divorce settlement.

Then, then a Busy B’s employee is moving hives to a field, he overturns the truck and the bees escape, stinging a passerby who is allergic and must be hospitalized. The personal injury and property damages from the accident amount to a $200,000 judgment because they allowed the insurance to lapse. The worker has injuries and lost work time from the accident as well, amounting to $5,000.

Fill in the blanks...

Who pays and how much will be paid to each person injured in this scenario? For each one—why?

For this question, you must try to answer before you see other replies!

Guidelines

One point for a complete original response to the prompt, and/or one point for a meaningful response or follow up question to classmates' posts.