Answer the following:
(a) What is the liability of a limited partner who participates in the management or control of the partnership?
(b) What activities can a limited partner perform without being considered to have taken part in control of the business under the RULPA?
Under the RULPA, a limited partner who participates in the management or control of the business by exercising the powers of a general partner assumes the
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(b)
liability of a general partner t...
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