Limited partners may sue their partnership's general partner to protect the limited partners' interest.

Question

Quizplus · Accepted Answer

Limited partners have the right to sue the general partner if they believe their interests have been compromised or there has been a breach of the partnership agreement. This is because limited partners have a passive role in the partnership and rely on the general partner to manage the business. If the general partner fails to fulfill their responsibilities, the limited partners can take legal action.

Limited Partners May Sue Their Partnership's General Partner to Protect