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

Question

Quizplus · Accepted Answer

In a limited partnership, the general partner is responsible for the management of the business and remains personally liable for all debts and obligations of the business. The limited partner, on the other hand, has limited liability and is only liable for the debts and obligations of the business to the extent of their capital contribution. Therefore, the correct answer is D - general partner.

In a Limited Partnership, Which of the Following Types of Partner