A general partner in a limited partnership
A) is responsible for management duties in the business.
B) is liable for partnership liabilities only to the extent of the partner's capital investment.
C) is protected from any malpractice or negligence claims resulting from the acts of another partner.
D) has limited liability for partnership debts.

Question

Quizplus · Accepted Answer

A general partner in a limited partnership is responsible for management duties and has unlimited liability for the partnership's debts, unlike limited partners who have limited liability.

A General Partner in a Limited Partnership