
Only the general partner in a limited partnership has personal liability.
Correct Answer:
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Q12: There are no formal requirements for forming
Q13: A tenancy in partnership does not carry
Q14: A partnership by estoppel arises when actions
Q15: A partner's interest in a partnership is
Q16: The income of the sole proprietor's business
Q18: A limited partnership can exist by implication.
Q19: Partners are not liable for each others'
Q20: Partners' personal assets can be reached by
Q21: Novation and ratification have the same effect
Q22: Any shareholder can demand access to the
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