All partners in a limited partnership have full liability for the debts and obligations of the limited partnership.

Question

Quizplus · Accepted Answer

In a limited partnership, there are two types of partners: general partners and limited partners. The general partners have unlimited liability for the debts and obligations of the partnership, while the limited partners have limited liability and are only liable for the amount of their investment in the partnership. Therefore, not all partners in a limited partnership have full liability.

All Partners in a Limited Partnership Have Full Liability for the Debts