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Flo and Gil Are General Partners in High Finance, a Limited

Question 13

Multiple Choice

Flo and Gil are general partners in High Finance, a limited partnership. Without Flo's knowledge or consent, Gil defrauds potential investors into buying limited partnerships in the firm and steals the amounts of their investments. In a suit by those partners against Flo to recover for their losses, she is most likely liable


A) ​if the investors are viewed as innocent third parties.
B) ​if the investors are construed as limited partners.
C) ​under any circumstances.
D) ​under no circumstances.

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