Limited partners have liability:
A) for the full amount of partnership debts.
B) only for the amount of their contribution.
C) for the negligent acts of the general partner.
D) none of the above
Correct Answer:
Verified
Q87: Unanimous consent of the partners is required
Q88: A partnership by estoppel:
A)is the same as
Q89: A limited partnership:
A)requires at least one general
Q90: For income tax purposes,a partnership:
A)files a return
Q91: In a ratification by the board of
Q93: Watered shares result:
A)when a purchaser does not
Q94: Transfer of a partner's interest:
A)is void.
B)results in
Q95: The corporate veil can be pierced when:
A)there
Q96: The assignment of limited partnership interests:
A)is prohibited
Q97: Which of the following
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