With regards to the obligations of a limited partnership, whether arising in contract, tort, or otherwise, if the limited partnership has more than one general partner, the general partners can be personally liable ________.
A) only for those obligations for which they were personally involved
B) only for obligations arising in contract, but not those arising in tort or otherwise
C) only to the extent of their capital contribution
D) jointly and severally, for all obligations of the limited partnership whether arising in contract, tort, or otherwise
Correct Answer:
Verified
Q14: Promulgated in 1976 and revised in 1985,
Q15: Limited partnerships are also known as _.
A)
Q16: With regards to the management of a
Q17: How does defective formation of a limited
Q18: A limited partnership is liable _.
A) for
Q20: Which of the following is an accurate
Q21: A(n) _ is a document that is
Q22: What is an FLP?
A) a Fiscal Leasing
Q23: Explain the three ways for the dissolution
Q24: In a limited liability limited partnership, which
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