Daniel is a general partner in a real estate investment firm. Hank and Barry are limited partners. Daniel, without the consent or ratification of Hank and Barry, can:

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General partners, like Daniel, have the authority to act as agents for the partnership in conducting its business affairs. This means they can make decisions and enter into agreements on behalf of the partnership. Admitting new partners, renaming the partnership, and having exclusive managerial control without the consent of the limited partners are actions that typically require agreement from all partners or are restricted by the partnership agreement.

Daniel Is a General Partner in a Real Estate Investment