Which of the following statements about a limited partnership is CORRECT?
A. All the partners are general partners.
B. The limited partners are liable for all debts of the partnership.
C. The limited partners are involved in the running of the partnership.
D. A general partner is responsible for the limited partnership.
Answer: D. A general partner is responsible for the limited partnership.
Business
You might also like to view...
An insurer may NOT contest an individual life insurance policy after it has been in force for how long?
A) The insurer can contest the policy for the life of the policyholder B) 30 days C) 2 years D) 1 year"
Business
Which of the following would be considered a service retailer?
A) factory outlets B) supermarkets C) jewelry stores D) restaurants E) gas stations
Business