In a limited partnership, which of the following remains bound by all debts of the business?

Question

Quizplus · Accepted Answer

In a limited partnership, the general partner is the one who has unlimited liability and is responsible for all debts and obligations of the partnership. Limited partners, on the other hand, have limited liability and are not personally responsible for the debts incurred by the business. Therefore, the correct answer is D - general partner.

In a Limited Partnership, Which of the Following Remains Bound