RULPA requires a lesser duty of care by a general partner to a general partnership than that owed by a general partner to a limited partnership.

Question

Quizplus · Accepted Answer

RULPA (Revised Uniform Limited Partnership Act) does not change the duty of care that a general partner owes to a partnership, whether it is a general partnership or a limited partnership. The duty of care remains the same in both contexts, requiring general partners to act with the care an ordinarily prudent person in a like position would exercise under similar circumstances.

RULPA Requires a Lesser Duty of Care by a General