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Which of the Following Statements Is True About the Liability

Question 48

Multiple Choice

Which of the following statements is true about the liability of partners in a limited partnership?


A) The general partners of a limited partnership have limited personal liability for the debts and obligations of the limited partnership.
B) The liability of general partners extends to debts that cannot be satisfied with the existing capital of the limited partnership.
C) Limited partners are personally liable for the debts and obligations of the limited partnership.
D) A corporation as a general partner has an unlimited liability to the shareholders of the company.

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