Which of the following is untrue of a limited partnership?
A) Limited partnerships must be formed under a state statute.
B) Limited partners' surnames ordinarily cannot be used in the partnership business name.
C) Partners in limited partnerships must contribute services to the partnership.
D) Limited partners in a limited partnership are generally not responsible for the debts of the partnership beyond their investment.
Correct Answer:
Verified
Q47: Which of the following is true with
Q48: Members of member-managed LLCs and manager-managed LLCs
Q49: Which of the following is correct regarding
Q50: Extinguishing a limited partnership involves:
A) dissolution.
B) winding
Q51: Unless otherwise agreed, under RULPA, a limited
Q53: A limited partner's financial obligation to the
Q54: Which of the following need NOT be
Q55: All statutes require LLPs:
A) to designate themselves
Q56: A partner may not receive a distribution
Q57: The RULPA specifies the events that will
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