Dain is a limited partner in Eco Baits, a pest control service organized as a limited partnership, which cannot pay its debts. Dain is liable for the debts
A) in proportion to the number of partners in the firm.
B) to no extent.
C) to the extent of his capital contribution to the firm.
D) to the full extent.
Correct Answer:
Verified
Q62: Otto is a limited partner in Port
Q63: Nell is considering forms of business organization
Q64: Del and Efron want to form a
Q65: The major features of an LLP are
Q66: Cal, Dex, and Erin agree to be
Q68: Brent and Char are limited partners in
Q69: Development LP is a limited partnership that
Q70: Kim and Lyle are partners in K&L
Q71: Shih was the manager of Thai Bistro,
Q72: Fresco and Garcia form a partnership-HVAC Pros.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents