Limited partnerships
A) must have at least one general partner.
B) guarantee that a partner will receive a return.
C) guarantee that a partner will get back his original investment.
D) are only permitted in Ontario.

Question

Quizplus · Accepted Answer

Limited partnerships must have at least one general partner who has unlimited liability, while the other partners have limited liability up to the amount they have invested. The other options are incorrect: limited partnerships do not guarantee returns or the return of the original investment, and they are not exclusive to Ontario but are allowed in various jurisdictions.

Limited Partnerships