Which of the following is a consequence of defective formation of a limited partnership?
A) Contracts entered into by the partnership will be void.
B) Contracts entered into by the partnership will be voidable by the other party.
C) The rights as between the partners will be different based on the defective formation.
D) A partner who would have been a limited partner,might have unlimited liability to a third party who conducted business with a good faith belief that the partner was a general partner.
E) A partner who would have been a limited partner will have unlimited liability to all third parties who conduct business with the partnership during the period of defective formation of the limited partnership.
Correct Answer:
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