Yolanda and zachary decided to restructure their small bookstore as a limited partnership, called "y to z's books, lp." under their new arrangement, yolanda contributed a new infusion of $300; she was named the general partner. zachary contributed $300 also, and he was named the limited partner: yolanda was to manage the store on monday, wednesday, and friday, and zachary to manage it on tuesday, thursday, and saturday. y to z books, lp failed to pay $800 owing to vendor. moreover, within a few weeks, y to z's books became insolvent. who is liable for the damages to vendor?
what result would be obtained in exercise 1 if yolanda and zachary had formed a limited liability company?