A limited partner's financial obligation to the partnership may be increased if:
A) the limited partner acts as agent for a competing partnership.
B) the limited partner takes active part in the management of the partnership.
C) the certificate of limited partnership is incorrect or incomplete.
D) The limited partner takes active part in the management of the partnership or the certificate of limited partnership is incorrect or incomplete.
Correct Answer:
Verified
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Q50: Extinguishing a limited partnership involves:
A) dissolution.
B) winding
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Q54: Which of the following need NOT be
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A) to designate themselves
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