A limited partnership differs from an ordinary partnership by
A)having a limited number of partners.
B)having a limited number of partners,each with limited liability.
C)including some partners whose liability is restricted to the amount that they invested in the firm.
D)having limited liability of all partners.
E)having unlimited liability for all partners.

Question

Quizplus · Accepted Answer

In a limited partnership, there are general partners with unlimited liability and limited partners whose liability is restricted to the amount they invested.

A Limited Partnership Differs from an Ordinary Partnership by