Buckley is a general partner in Cut-Rate Shipping,LLLP,a limited liability limited partnership,which cannot pay its debts.Buckley is personally liable for the debts
A) in proportion to the number of partners in the firm.
B) to no extent.
C) to the extent of his capital contribution.
D) to the full extent.
Correct Answer:
Verified
Q32: Commercial Credit & Finance is a limited
Q33: Round-Up Ranch and Smith & Jones,Accountants,are limited
Q34: Pualani and Quentin do business as partners
Q35: Corbin,a partner in Dentists & Orthodontists Clinic,applies
Q36: Fact Pattern 30-1B (Questions B10-B13 apply)
Bryn,Cornell,and Duke
Q37: Fact Pattern 30-1B (Questions B10-B13 apply)
Bryn,Cornell,and Duke
Q38: Nazih and Ovidia are limited partners in
Q40: Noah and Orin do business as partners
Q41: Sebastian was the manager of Thai Bistro,a
Q72: Fresco and Garcia form a partnership-HVAC Pros.
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