Which of the following is not true about the termination of a limited partnership?
A) the bankruptcy of a limited partner does not force termination
B) the business may continue to operate during dissolution
C) creditors' rights come before partners' rights to funds
D) limited and general partners share assets equally at the same time after the creditors are paid
E) all of the other choices are true
Correct Answer:
Verified
Q243: In a limited partnership the _ are
Q244: Limited partners are investors who:
A) may not
Q245: Limited partners are investors who:
A) must have
Q246: Unless the limited partnership agreement holds otherwise,
Q247: Limited partners are similar to corporate shareholders
Q249: General partners in a limited partnership:
A) have
Q250: A _ is an artificial person, or
Q251: A limited partnership is usually dissolved by
Q252: A _ is an artificial person, or
Q253: In the final dispersal of the assets
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