Which of the following is not true regarding limited partnerships?
A) General partners of a limited partnership remain jointly and severally liable for partnership obligations.
B) Limited partners assume no liability for partnership debts beyond the amount of capital they have contributed.
C) Limited partners are responsible for the management of the partnership.
D) Limited partnerships are often used to raise capital.
Correct Answer:
Verified
Q21: When directors on a board serve for
Q29: A _ is created when two or
Q30: Which of the following statements is not
Q31: The rules that govern the internal operation
Q31: A member of the board who also
Q32: A _ corporation is owned by a
Q32: In a _ merger,the shares in the
Q37: In a _ a stock purchase is
Q38: A _ combines the tax advantages of
Q39: Which of the following requirements is not
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