Which of the following is untrue of a limited partnership?
A) Limited partnerships must be formed under a state statute.
B) Limited partners' surnames ordinarily cannot be used in the partnership business name.
C) Partners in limited partnerships must contribute services to the partnership.
D) Limited partners in a limited partnership are generally not responsible for the debts of the partnership beyond their investment.
Correct Answer:
Verified
Q47: Which of the following is NOT correct
Q48: All statutes require LLPs:
A) to designate themselves
Q49: A general partnership that, by making the
Q50: Unless otherwise agreed, under RULPA, a limited
Q51: Members of member-managed LLCs and manager-managed LLCs
Q53: Which of the following is correct regarding
Q54: If Jack contributed $1000 as a limited
Q55: A _ is a partnership in which
Q56: Extinguishing a limited partnership involves:
A) dissolution.
B) winding
Q57: LLC statutes all require the articles of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents