Gerald and Tanji are general partners in a partnership with Mafasa and Rolf,who are also partners but with narrowly defined rights.What disadvantage do Mafasa and Rolf share?
A) Their losses as limited partners are restricted to their capital investments.
B) What constitutes partaking in management is difficult to define.
C) Participation in management activities will risk their unlimited liability status.
D) Public notification of their identity and the amount of capital contribution is required.

Question

Quizplus · Accepted Answer

Participation in management activities will risk their unlimited liability status.

Gerald and Tanji Are General Partners in a Partnership with Mafasa