Which of the following statements is true under the 2001 revision to the Revised Uniform Limited Partnership Act (RULPA)?
A) A limited partner cannot be held liable for the partnership debts unless he or she participates in the management of the limited partnership.
B) A limited partner can be held liable for the partnership debts under any circumstance.
C) A limited partner can be held liable for the partnership debts if he or she receives profits.
D) A limited partner cannot be held liable for the partnership debts even if he or she participates in the management and control of the limited partnership.
D
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Based on the data in Exhibit 1 (Ch.11), the bond portfolio strategy used by the fired manager can best be described as:
A. pure bond index matching. B. enhanced indexing/matching risk factors. C. Active management/larger risk factor mismatches.
A college professor copies seven chapters from a book called "How to Get Better Grades-A Creative Approach to College Success!" There are ten chapters in the book. She incorporates this material into a packet of material that is printed in her college's copy center. The packet is then placed in the local book store and is placed on the required materials list for students to purchase. The author
of the book on getting better grades believes the professor has violated his copyright. A) The author is right. The professor should not have copied the chapters and placed them for sale in the bookstore. B) The author is technically correct. However, even though an infringement occurred, he cannot sue the professor since educational personnel are exempt from liability under copyright law. C) The author is not correct. Under the "fair use doctrine" a college professor can copy material and distribute it to students for educational purposes. D) The author is not correct. It does not appear that the professor actually made any money from the alleged copyright infringement.