In states that have adopted full shield statutes, partners may be held personally liable for
A) any debts and obligations of the partner- ship.
B) partnership obligations incurred due to their own wrongdoing.
C) no debts and obligations incurred by the partnership.
D) partnership debts and obligations incurred due to the wrongdoing of other partners.
Correct Answer:
Verified
Q1: Unlike the general partnership, in which all
Q2: Partners of a general partnership typically have
Q3: Some states require limited liability partner- ships
Q5: The proper documentation must be filed with
Q6: In states that have adopted partial shield
Q7: A carefully drafted partnership agreement can be
Q8: The number of limited liability partnerships in
Q9: Foreign limited liability partnerships generally do not
Q10: Partners of a limited liability partnership may
Q11: A disadvantage of doing a business as
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