Which of the following types of liability does a limited partner of a limited partnership have for the debts and obligations of the limited partnerships?

Question

Quizplus · Accepted Answer

Limited partners in a limited partnership have liability restricted to the extent of their capital contribution. This means that their personal assets are not at risk beyond the amount they have invested in the partnership. The general partner, on the other hand, has unlimited personal liability for the debts and obligations of the partnership.

Which of the Following Types of Liability Does a Limited